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Cable jumped after better than expected UK Service PMI (53.8 in July vs 53.6 f/c and 53.4 in June) and broke above yesterday's fresh high at 1.3250.

Bulls are looking for extension towards 1.3300 (round-figure resistance) and 1.3330 (Fibo 161.8% projection of bull-leg from 1.2588.

BoE's super Thursday is in focus, with the central bank expected to keep unchanged but focus is on votes for rate hike. Expectations are for 6-2 vote which would signal interest rates may stay on hold for some, while surprise 5-3 vote (seen in June) would turn BoE's outlook more hawkish and further boost sterling.

Key barrier at 1.3473 (weekly cloud top) could be tested on stronger acceleration higher.

On the downside, higher base at 1.3190 marks initial support, followed by rising Tenkan-sen / former high at 1.3125) violation of which would generate negative signal.

Res: 1.3268, 1.3300, 1.3330, 1.3346
Sup: 1.3210, 1.3190, 1.3125, 1.3100

Bitcoin's volatility has declined despite the fork. Strong resistance can be found at 3000 (12/06/2017 high) and hourly support lies at 2403 (26/07/2017 low). Further retracement are expected. For the time being, the cryptocurrency keeps on trading between 2700 and 2800

In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will consolidate above $1500. Long-term support is given at $1464 (04/05/2017 low).

Crude oil is consolidating lower on profit taking. Hourly support is given at 45.40 (24/07/2017 low). Strong resistance can be found at 50.28 (29/05/2017). Expected to show further consolidation before another leg higher.

In the long-term, crude oil has recovered after its sharp decline last year. However, we consider that further weakness are very likely. Strong support lies at 35.24 (05/04/2016) while resistance can now be found at 55.24 (03/01/2017 high).

Silver's bullish pressures are fading after the bounce from hourly support given at 15.18 (10/07/2017 low). Hourly resistance is given at 16.94 (02/08/2017 high). The commodity is set to further consolidate.

In the long-term, the death cross indicates that further downsides are very likely. Resistance is located at 25.11 (28/08/2013 high). Strong support can be found at 11.75 (20/04/2009).

Daily Pivots: (S1) 145.71; (P) 146.23; (R1) 146.94; More

GBP/JPY's recovery from 144.01 extends today but it's still bounded in range of 144.01/147.76. Intraday bias remains neutral for the moment. On the upside, break of 147.76/148.42 key resistance zone will resume larger rebound from 122.36. On the downside, break of 144.01 will extend the sideway pattern from 148.20 with another fall back to 135.58/65 support zone.

In the bigger picture, rise from medium term bottom at 122.36 is expected to continue to 38.2% retracement of 196.85 to 122.36 at 150.43. Decisive break there will carry long term bullish implications and pave the way to 61.8% retracement at 167.78. In case the sideway pattern from 148.42 extends, we'd be looking for strong support from 135.58 and 50% retracement of 122.36 to 148.42 at 135.39 to contain downside.

Gold is consolidating lower. Strong support is given at 1204 10/07/2017 high). Hourly resistance is given at 1274 (01/08/2017 high). Expected to show continued another leg higher.

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low)

EUR/CHF's buying pressures are very important and is trading below 1.15. Hourly support is located at a distance at 1.0984 (13/07/2017 low). Road is wide-open for further strengthening.

In the longer term, the technical structure has reversed. Resistance at 1.1200 (04/02/2015 high) has been broken. Yet,the ECB's QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).

EUR/GBP is trading around its highest levels of the year. The pair is consolidating. Hourly support is given at a distance at 0.8742 (16/06/2017 low). Downside risks are nonetheless important.

In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 psychological level.

AUD/USD's technical structure has finally not reversed. Hourly resistance is given at 0.8066 (27/07/2017 high). Hourly support given at 0.7875 (21/07/2017 low). Expected to show further consolidation.

In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.

USD/CAD's bearish momentum is showing ending signals. The pair remains nonetheless in a strong downtrend. Hourly resistance given at 1.2589 (02/08/2017) has been broken. Expected to show continued consolidation above 1.2400.

In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low) before bouncing back. Strong resistance is given at 1.4690 (22/01/2016 high). The pair should head further lower