USD/JPY pair was traded flat since yesterday's London session, as the price was bounded by the weekly S1 level at 98.35.
Recent two-week trading was very successful for the Swiss Franc, as the pair slipped from the 200-day SMA and gradually stepped lower along the Bollinger band.
As expected, a rebound from the up-trend support line was not sustained beyond 0.8476 and the currency pair returned back to re-challenge 0.8459/52.
It looks as if the bearish correction started in March has come to an end, even though technical indicators are still giving a weak 'buy' signal.
A combination of the monthly pivot point and the 55-day SMA managed to deny yesterday's attempt of bears to penetrate the support at 1.0355/40.
After a sharp move EUR/JPY has again stopped just beneath the weekly pivot point at 129.25, as it did three days ago.
USD/CHF depreciated noticeably yesterday, since the price slipped from the 100-day SMA at 0.9299 to the Bollinger band at 0.9208.
USD/JPY pair appreciates a second session in a row, as the price leaned to the weekly S1 level at 97.06 and continued the upside movement.
The Cable stepped higher yesterday, as the pair increased to the monthly R1 level at 1.5362, which is the major resistance in April.
Absence of bearish impetus made the price bounce from a 1.3043 level, where the 55-day, 200-day SMAs and monthly R1 level merge into the major support.
Last few trading sessions were unsuccessful for the New Zealand Dollar, as the value against the U.S. Dollar sharply dropped.
The loonie took a brake today, as the pair advanced significantly in the previous session. USD/CAD jumped from the weekly PP at 1.0165 to the Bollinger band at 1.0227.
The Aussie executed a huge drop yesterday, as the price decreased from a 1.05 level, breached the 55-day SMA at 1.0355 and was stopped only by the Bollinger band at 1.0327.
EUR/JPY pair recovered bullish sentiments today, as the price increased from the weekly S2 at 125.85 to the monthly R2 at 128.45.
Today USD/CHF pair is unchanged at the 100-day SMA and the weekly PP at 0.9299 after two bullish sessions.
After a noticeable drop yesterday, USD/JPY slipped from a 98.50 level and reached the weekly S2 at 96.97, today the pair is influenced by bullish sentiments, as the price gains and is already close to the weekly S1 at 97.71.
The Cable shows positive performance in the morning of session, as the price gently appreciates towards the weekly PP at 1.5335, following a spike down.
The major currency pair moves according to support levels in recent trading sessions, as the market experiences an absence of important macro news.
The New Zealand Dollar sharply depreciates relative to the U.S. Dollar and maintains a strong correlation with other Oceania's currencies.
USD/CAD demonstrates strong bullish sentiments today, as the pair moves straight to north without any consideration of resistance levels.
The Aussie is under strong bearish sentiments, as this currency pair is considered as a risky asset and investors are currently quickly leaving such type of securities.
EUR/JPY was moved by the data from China. As GDP figures were disappointing, investors were encouraged to purchase haven currencies, such as the Japanese Yen.
Data from China created negative sentiments in the market and traders became more risk averse, meaning that the major currency pair continues to decrease from a previous week high at 1.3138.
The beginning of a week is negative for riskier currencies.