Pair extended it's gains till 91 cent mark, but failed to advance above it and dipped till 90 cent mark today.
Pair failed around 143 JPY yesterday and plummeted till 140 JPY today. That's were the top of Ichimoku cloud is located.
USD/CHF has finally tested the support around 0.87, which appears to be capable of stopping the decline seen since May of 2013 and capable of laying foundation for the bullish market.
Though we did expect USD/JPY to cover the distance between the monthly R1 and monthly PP with no real effort, at the same time we also considered the support at 102 to be tougher.
Originally, the Sterling did receive a strong upward impetus after touching upon the support at 1.66.
EUR/USD did not manage to pass through the supply zone formed by the weekly and monthly R1 levels and retreated to the weekly pivot point at 1.3833.
In the end of the last trading day and today we have seen the pair advancing significantly and it continues to trade above this year's previous high (0.8522).
As the 1.1100 has been broken today the pair fell further and reached monthly PP at 1.1053.
It seems the pair received a substantial bullish impetus from the 0.8925/415 area yesterday and skyrocketed till monthly R1 today.
As anticipated pair found support with the monthly R1 after a dip yesterday and remains at the vicinity of 143 JPY.
USD/CHF continues to cede ground. The currency pair has already fallen down to the weekly S1 and may still take a few steps downstairs.
Although at first it appeared that USD/JPY will find support at 102.78/71, right now it is on the verge of violating this important demand zone.
While being underpinned by a strong support area around 1.66 (monthly PP, up-trend 55-day SMA), the Cable seems to be inclined to rise.
At it turned out, EUR/USD was not required to come back to a cluster of supports at 1.38 in order to resume the rally.
So far, this week we have seen relatively less action in NZD/USD compared to previous week, when we saw it strengthening.
The pair is trading above the psychologically important 1.1100 level indicating on possible bullish action.
Pair hovering around 90 cents gave impression that if it is not going to recover we will at least see some consolidation.
Pair's bulls tried to push the pair lower, but hit the monthly R1 which proved to be too strong of an obstacle for them.
A surge seen yesterday in the morning proved to be short-lived, as the weekly PP at 0.8810 did not let USD/CHF to rally any further.
Yet another attempt of USD/JPY to cross the resistance at 103.49/34 failed and it returned back to the support at 102.93/71.
The monthly pivot point near 1.66 turned out to be sufficient to prevent further decrease of Sterling's price.
Due to a test of the monthly R1 the Euro is currently declining.
After yesterday the pair remained unchanged, however we have seen it strengthening today and it is looking to break monthly R1 at 0.8518.
Yesterday USD/CAD gained slightly and today the pair bounced back to trade around yesterday's opening level at 1.1082.