As long as EUR/USD remains capped by resistances located at 1.3217/91 and 1.3487, the outlook is negative for the currency pair. Even though support at 1.3084 (55 day ma) has held until now, it is likely to give in and allow for losses to extend down to 1.2974/54 first, then 1.2624.
USD/CHF Monday slid modestly towards the support level at 0.9106; technical indicators suggest the pair is likely to recover in the short-term.
USD/JPY declined for a second day, after rising sharply by 87 peeps on Friday.
The British pound fell against the US dollar, heading towars a support level at 1.5551.
EUR/JPY slipped slightly today, breaching the daily pivot point at 108.18.
The single currency depreciated today versus the greenback after the Greece completed the biggest sovereign debt restructuring in history.
USD/CHF currency couple is currently gaining bullish momentum, as it is being supported by strong levels at 0.9088/66 and 0.8931. The initial target lies at 0.9246 (55 day ma), which guards 0.9317.
As long as a key support at 80.86 is not violated, USD/JPY is likely to carry on advancing. The pair has already overcome 82.23 and should reach 83.80 soon enough. Within a longer time span, 85.53 and 86.80 are expected to be attained.
A strong support situated at 1.5876 (200 day ma) is expected to continue to cap the price from above, while the bias of the Cable remains bearish. In the short-term 1.5650/43 is in focus, followed by 1.5581 and 1.5500.
Despite a recent failure of EUR/JPY near 108.75, formidable support at 106.37 should manage to contain dips. Afterwards we are likely to observe a recovery of the pair from the latter level. Rally should be able to extend beyond 108.75, up to 109.32/58 (55 week ma).
Being that EUR/USD's growth will be halted by resistances located at 1.3285/91, 1.3325 and 1.3389, the outlook remains negative. The initial target lies at 1.2974/54, while a long-term goal is at 1.2624.
The pair slumped below the 0.90 level as the US trade balance deficit widened more than forecast (-52.6B act./-48.9B est.).
The pair climbed further today, breaking through the 82.00 level as US non-farm employment increased, beating analysts' estimates (227K act./209K est.).
The British pound strengthened today versus the American dollar as the UK monthly PPI input rose more than expected (2.1% act./0.9% est.).
EUR/JPY commenced a bullish reversal today as all Greek bondholders agreed to accept losses on the Greek bonds.
The pair advanced today as the German trade balance widened more than expected and the Greek debt deal prevented Greece from immediate default.
USD/CHF went into a nosedive below 0.9088 and may slide even lower, down to 0.8931, where it is anticipated to recommence recovering. Resistances are located at 0.9162, 0.9203 and 0.9253/63.
As long as a key support at 80.76 manages to repel dips of USD/JPY currency pair, the short- and long-term outlooks should stay bullish. The pair is likely to find resistances at 81.87/90, 82.08 and 82.23.
While rallies are contained by resistances which lie at 1.5881 (200 day ma), 1.5927 and 1.6000, the Cable is expected to decline in weeks to come. The initial support should be encountered at 1.5670, followed by 1.5650/43.
The currency couple carries on advancing further. After it has overcome a resistance located at 108.75, EUR/JPY should focus on attaining 109.38/58 (55 week ma). Subsequent levels are situated at 110.26 and 111.57.
EUR/USD has been able to extend its rally from 1.3087 due to the absence of formidable resistances on its path. However, a level at 1.3322/50 is unlikely to give in, thus keeping long-term bearish bias intact.
USD/CHF declined today as investors were disappointed as the US unemployment claims rose more than expected (362K act./352K est.).
USD/JPY moved upwards today as Japan's current account suprlus shrunk more than expected (0.12T JPY act./0.33T JPY est.).
The British pound rebounded today as the Bank of England kept the present benchmark rate at 0.5% and continued quantitative easing program.