This week pair's performance has been very inconsistent, at the beginning of the week the pair advanced but later lost all of its gains.
This week the only significant move was yesterday's retreat; however, at the same time the pair has manage to appreciate and at the moment is hovering around the major 0.94 level.
After yesterday's drop the pair has little changed and it is trading above June high at 137.71 today.
A brief dip below the monthly PP and 200-day SMA did not entail a further sell-off.
USD/JPY is getter farther and farther away from recovery, since it has just closed beneath one of the major trend-lines.
GBP/USD remains unable to realise its bullish potential implied by the daily and monthly technical indicators.
EUR/USD failed to sustain a rally through the monthly PP and 55-day SMA yesterday.
Today the Kiwi managed to extend its advance and it almost reached the record high at 0.8845, trading just 6 pips lower.
The pair still lacks volatility as we have not changed any substantial movements during the last trading days.
As expected the pair continued appreciating at the beginning of today's trading session.
The 18-nation currency dropped towards June low at 137.71 today, after yesterday reaching the weekly PP at 138.72.
The monthly pivot point and 200-day SMA have once again proven to be of no particular interest to the market, as both of them were violated yesterday.
At the moment USD/JPY is testing the 16-month up-trend, a breach of which will most likely entail a sell-off down to the support line at 101.
For the time being the weekly PP seems to be providing enough support for the Cable to stay afloat.
A group of resistances that gathered around the monthly pivot point at 1.3630 failed to prevent appreciation of the Euro against the U.S. Dollar.
The pair continues to surprise on the upside as today new high was set at 0.8818.
The pair failed to breach the weekly R1 at 1.0693 yesterday and since then it has slipped towards the 2011 high and weekly PP at 1.0658/57.
The pair is struggling to trade above the 20-day SMA and weekly PP at 0.9398/99 that it breached a day earlier.
After yesterday's decline the pair received a bullish impetus from the weekly S1 at 138.16 today.
Although there still seems to be a chance of the 200-day SMA acting as the support, the daily indicators suddenly turned heavily bearish.
In order to reinstate itself as a bullish pair USD/JPY had to close above the up-trend and 100-day SMA.
Regardless of the bullish outlook implied by the technical studies, the Cable remains flat, trading some 100 pips north from 2009 high.
The Euro is currently undergoing a correction after a July decline.
NZD/USD extends the advancement initiated after the currency pair received a forceful impetus from the 200-day SMA.