The Cable continues to put considerable pressure on the falling trend-line that has been enforcing bearish outlook since July.
EUR/USD keeps moving sideways below an important supply area around 1.29 created by the three-month down-trend and monthly S2 level.
The New Zealand's Kiwi continues to fall lower and lower relative to the buck, as the pair has dropped below the major level at 0.81 and it is trading around the weekly S1 at 0.8073 that is located just 10 pips from this year's low.
After a sharp advance yesterday USD/CAD is trading more or less steadily above the psychological level at 1.10.
The Australian currency has been on a down-trend against the Greenback since the second week of the month, while as of today the pair is trading around the weekly S1 at 0.8869.
The EUR/JPY cross is hovering around the 140 level after it has rebounded from the 200-day SMA and July high around 139.30 today.
The U.S. Dollar continues to consolidate beneath 0.94, being unable to climb over the monthly R3 and 2013 Sep high.
USD/JPY is getting further and further away from 109, but nonetheless retains bullish long-run outlook.
GBP/USD launched yet another attack on the down-trend at 1.64, which has been intact since the beginning of July.
The situation has not developed much since the previous report, and EUR/USD is still considered bearish.
The New Zealand Dollar continues to trade above the 0.81 level, after it breached the weekly PP at 0.8152 earlier today.
The USD/CAD currency pair has started the week by climbing higher, today the pair breached the daily PP and monthly R1 at 1.0979/80, after losing more than 100 pips last week.
The Australian Dollar extended its decline today as it dropped below the 0.89 level; moreover, the pair has fallen below this level for the first time since March.
EUR/JPY is trading around the major level at 140, after posting gains last week, when the pair touched the 141 level.
On Friday USD/CHF recovered most of the ground it gave up a day before.
The resistance at 109 proved to be a notable level last week, as it managed to stop a strong bullish momentum of USD/JPY.
Despite a significant risk of the Cable breaking the negatively-sloped resistance line at 1.6450 last week, in the end the bears took the upper hand and forced the Sterling to retreat to 1.63.
The European currency is still headed South, where it is about to meet one of the key levels, namely the 2013 low.
The NZD/USD cross has fluctuated mostly between 0.81 and 0.82 levels, while today it is hovering around the 0.8150 mark.
USD/CAD has performed poorly this week; moreover, it extended its decline further today.
The AUD/USD currency pair has lost some of its value this week, as the Aussie cannot find a bullish impetus and it has even fallen below the psychological level at 0.90.
In general, this week has been positive for EUR/JPY bulls, as most likely the pair will post a second straight weekly gain.
The pair took a major hit after approaching the 2013 Sep high, meaning there is a formidable resistance area around 0.9450.
USD/JPY continues to gain ground, and for now it does not seem to be noticing the resistance at 109 formed by the weekly R2 and 2008 Sep high.