USD/JPY has travelled as low as 91.12 until it hit a sufficiently strong support area capable of negating the bearish impetus.
Even though the major support line has been breached, the Cable is reluctant to approach 1.4962/44, on the way to which there are no serious obstacles spotted.
As anticipated, the currency pair has stepped back from the falling support line at 1.3044.
It seems that pair is somewhat stabilizing after a 200 pip dip in last few days.
Pairs 10 day rally was interrupted yesterday when it touched 1.03 (weekly R1).
Pair continued to depreciate after receiving a bearish impetus from 20-day SMA at 1.032 a few days ago.
Pair is continuing to depreciate after a 650 pip dip yesterday.
USD/CHF has broken though the upper boundary of the falling channel, which was also reinforced by the monthly R1, and re-tested it yesterday, implying that the rally is likely to emerge.
The Australian Dollar does not show any bullish momentum to breach the 20-day SMA and get back to a 1.04 area, where the major SMAs intersect.
The pair continues to trim the recent gains and will hardly encounter any notable support levels until 90.57, the current location of the 55-day SMA and 23.60% Fibonacci retracement from a move started on Sep 28 in 2012.
The currency pair has confirmed its intentions to decline, being that the resistance area at 1.5264/26 was confirmed as a likely ceiling in the nearest future.
A down-trend support line, which has been breached on Jan 10, but before that remained intact since May of 2010, has proven to retain topicality to the market participants, delaying development of a dip.
Yesterday the pair attempted to breach the support line at 83.50 and was successful.
USD/CAD pair reached the monthly R2 level at 1.0246 yesterday and even slightly exceeded it.
EUR/JPY plummeted heavily yesterday, as the price slipped from the 20-day SMA at 124.43 and reached the 55-day SMA at 120.49.
USD/CHF pair is locked into a channel just above the monthly R1 level at 0.9295.
USD/JPY pair exhibits radical changes in bears and bulls equilibrium.
The Cable filled the weekend's gap and attempts to continue the appreciation from a two-and-a-half year low.
The major currency pair continues to depreciate, as today the price dropped beneath the weekly S1 level at 1.3079.
NZD/USD remains above the major level, as the price jumped from 83.43, where the support lies since June, 2012.
In recent days the pair made a few tries to breach the 20-day SMA line, but all of them were unsuccessful.
The Canadian Dollar demonstrates weakness and depreciates for the second week.
EUR/JPY pair gradually depreciates, as the price fluctuates in a down-sloping channel with the upper boundary at 124.90, where the 20-day SMA is located, and the lower boundary at 122.50, where it merges with the weekly S1.
It appears that a falling trend-line at 0.9307/0.9294 has fully negated the upward momentum.