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For the 24 hours to 23:00 GMT, the GBP declined 0.20% against the USD and closed at 1.2695.

On the data front, UK's consumer price index (CPI) advanced 2.5% on a yearly basis in July, rising for the first time in eight months and in line with market expectations. The CPI had climbed 2.4% in the prior month. Moreover, the nation's the retail price index climbed 3.2% on annual basis in July, less than market expectations for a gain of 3.4%. In the previous month, the index had registered an advance of 3.4%. Additionally, the house price index rose 3.0% on an annual basis in June, higher than market consensus for a rise of 2.6%. In the preceding month, the index had recorded a revised rise of 3.5%.

In the Asian session, at GMT0300, the pair is trading at 1.2716, with the GBP trading 0.17% higher against the USD from yesterday's close.

The pair is expected to find support at 1.2673, and a fall through could take it to the next support level of 1.2631. The pair is expected to find its first resistance at 1.2747, and a rise through could take it to the next resistance level of 1.2779.

Trading trend in the Pound today is expected to be determined by UK's retail sales data for July, slated to release in a few hours.

The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.

For the 24 hours to 23:00 GMT, the USD declined 0.50% against the JPY and closed at 110.63.

In the Asian session, at GMT0300, the pair is trading at 110.83, with the USD trading 0.18% higher against the JPY from yesterday’s close.

On the data front, Japan posted a trade deficit of ¥231.2 billion in July, following a trade surplus of ¥721.4 billion in the prior month. Market expectation was for the nation to register a trade deficit of ¥41.2 billion.

The pair is expected to find support at 110.38, and a fall through could take it to the next support level of 109.93. The pair is expected to find its first resistance at 111.33, and a rise through could take it to the next resistance level of 111.83.

With no macroeconomic releases in japan today, investors would look forward to global macroeconomic releases for further directions.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

For the 24 hours to 23:00 GMT, the USD declined 0.05% against the CHF and closed at 0.9935.

In the Asian session, at GMT0300, the pair is trading at 0.9931, with the USD trading slightly lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9910, and a fall through could take it to the next support level of 0.9888. The pair is expected to find its first resistance at 0.9968, and a rise through could take it to the next resistance level of 1.0004.

Amid no major macroeconomic release in Switzerland today, investor sentiment will be determined by global macroeconomic events.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the USD rose 0.69% against the CAD and closed at 1.3142.

Data showed that Canada's existing home sales climbed 1.9% on a monthly basis in July following a rise of 4.1% in the prior month.

In the Asian session, at GMT0300, the pair is trading at 1.3130, with the USD trading 0.09% lower against the CAD from yesterday's close.

The pair is expected to find support at 1.3069, and a fall through could take it to the next support level of 1.3008. The pair is expected to find its first resistance at 1.3183, and a rise through could take it to the next resistance level of 1.3236.

Moving ahead, traders will await Canada's manufacturing sales for June, set to release later in the day.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

For the 24 hours to 23:00 GMT, the AUD fell marginally against the USD and closed at 0.7238.

LME Copper prices declined 3.6% or $216.0/MT to $5843.0/MT. Aluminium prices declined 2.1% or $43.5/MT to $1994.5/MT.

In the Asian session, at GMT0300, the pair is trading at 0.7258, with the AUD trading 0.28% higher against the USD from yesterday's close.

Overnight data showed that, Australia's seasonally adjusted unemployment rate unexpectedly slid to a rate of 5.3% in July, compared to a rate of 5.4% in the previous month. Market participants had anticipated for the rate to remain unchanged. Meanwhile, consumer inflation expectations rose to 4.0% in August. The consumer inflation expectations had recorded a level of 3.9% in the previous month.

The pair is expected to find support at 0.7217, and a fall through could take it to the next support level of 0.7176. The pair is expected to find its first resistance at 0.7285, and a rise through could take it to the next resistance level of 0.7312.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Gold declined 1.56% against the USD and closed at USD1182.50 per ounce, amid strength in the greenback.

In the Asian session, at GMT0300, the pair is trading at 1179.70, with gold trading 0.24% lower against the USD from yesterday’s close.

The pair is expected to find support at 1164.70, and a fall through could take it to the next support level of 1149.70. The pair is expected to find its first resistance at 1197.10, and a rise through could take it to the next resistance level of 1214.50.

The yellow metal is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Silver declined 4.15% against the USD and closed at USD14.43 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 14.47, with silver trading 0.28% higher against the USD from yesterday’s close.

The pair is expected to find support at 14.19, and a fall through could take it to the next support level of 13.90. The pair is expected to find its first resistance at 14.88, and a rise through could take it to the next resistance level of 15.29.

The white metal is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Crude Oil declined 2.84% against the USD and closed at USD64.89 per barrel, after the US Energy Information Administration reported that crude oil inventories unexpectedly rose by 6.8 million barrels to 414.2 million in the week ended 10 August 2018.

In the Asian session, at GMT0300, the pair is trading at 65.05, with oil trading 0.25% higher against the USD from yesterday’s close, after Beijing indicated that it would send a delegation to Washington to resolve trade disputes between the US and China.

The pair is expected to find support at 64.02, and a fall through could take it to the next support level of 62.99. The pair is expected to find its first resistance at 66.49, and a rise through could take it to the next resistance level of 67.93.

Crude oil is trading below its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 139.76; (P) 140.76; (R1) 141.64; More...

GBP/JPY dipped to 139.88 but quickly recovered from there. Intraday bias is turned neutral first. Considering mildly bullish convergence condition in 4 hour MACD, in case of another fall, downside will be contained by 139.29/47 key support level to bring rebound. On the upside, break of 142.46 will indicate short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, at this point decline from 156.59 is still seen as a corrective move. But the current downside accelerate makes this view shaky. Focus will be on 139.29 cluster support (50% retracement of 122.36 to 156.59 at 139.47). Strong rebound from there will re-affirm the bullish case that rise from 122.36 is still to extend through 156.59 high. However, sustained break of 139.29/47 should confirm medium term reversal. GBP/JPY would then target a retest on 122.26 (2016 low).

Daily Pivots: (S1) 124.91; (P) 125.64; (R1) 126.38; More....

EUR/JPY edged lower to 124.89 but quickly recovered. Intraday bias is turned neutral first. Considering mild bullish convergence condition in 4 hour MACD, in case of another fall, downside will likely be contained by 124.08/61 key support zone to bring rebound. On the upside, break of 126.98 will indicate short term bottoming and turn bias back to upside for stronger rebound.

In the bigger picture, focus is back on 124.08 key resistance turned support. Decisive break there will argue that whole rise from 109.03 (2016 low) has completed at 137.49. Deeper decline would be seen to 61.8% retracement of 109.03 to 137.49 at 119.90 next. Sustained break there will pave the way to 109.03 and below. Meanwhile, rebound from 124.08 will keep medium term bullishness intact for another high above 137.49.