Pair eroded the resistance of weekly R1, September high and at the moment is aiming at weekly R3 at 136.11.
While our medium and long term bias towards USD/CHF stays bullish, at the moment the currency pair seems to be unable to break free from the gravity of 0.9021 (Feb low).
USD/JPY started to erode the resistance created by the 20-day SMA and the weekly PP.
As expected, the major down-trend resistance line repelled the Cable, which is now about to hit the weekly PP at 1.6097.
EUR/USD is currently in the vicinity of the strong resistance area consisting of the Feb high, monthly R1 and the up-trend line, which is not supposed to let the currency pair to climb higher.
Pair is showing signs of minor bearishness and at the moment is testing the strength of the September high support.
Pair seems to be developing further sell off as 1.0275 seems to be just holding the pair, but not initiating a recovery.
Pair seems to have calmed down after the rally last week.
Pair is slowly moving towards the weekly R1. Dip above it would put September high on the map.
The support at 0.9021 (Feb low) underpinned USD/CHF, which is now supposed to target resistances.
Being that USD/JPY is in the proximity of the rising support line at 97.04, the currency pair is inclined to rise, although the outlook will stay bullish even if the rate falls another 100 pips.
Last week GBP/USD fetched 1.6225 and touched the major down-trend (in force since August of 2009).
EUR/USD proved to be unable to advance higher in the face of a formidable resistance at 1.3711/1.3693 and is therefore slowly retreating from the supply area.
Pair did not manage to successfully consolidate above the weekly R3 and is retesting it today.
Pair is depreciating further and is approaching 1.0275, the level which kept the pair support for 3 weeks in not so distant past.
It seems that the pair has consolidated above the 200-day SMA.
Pair seems to be slowly approaching resistance at 134.21.
Just within one day USD/CHF came all the way back from 0.9128 down to 0.9021.
Although the 200-day SMA has already been breached, the rising support trend-line at 97.95/82 is keeping USD/JPY afloat.
While there were almost no reasons to believe that the British Pound would be able to outperform the U.S. Dollar, GBP/USD has just effortlessly rallied through several resistances and returned within the boundaries of the bullish channel.
Yesterday the U.S. Dollar was ubiquitously bearish and allowed EUR/USD to soar 150 pips.
Pair seems to have gained momentum after bouncing from 0.830.
Pair seemed to be capped for some time, but today we saw it falling through quite a few support levels.
Pair has breached the September high with a bang and at the moment is testing 200-day SMA.