Pair is giving more and more reason to believe it is being range bound.
Pair started appreciating from the very start of the session and it seems it has gained momentum after receiving bullish impetus from 111.22 at Christmas eve.
USD/CHF gains more and more bearish momentum, as the price has reached the lower declining trend-line of the channel.
USD/JPY pair keeps a rapid appreciation pace, but this increase does not seem to be sustainable, as the price rises too quickly.
After a sharp fall in the beginning of a week, GBP/USD pair stabilises around the 55-day SMA at a 1.6138 level.
EUR/USD pair demonstrated a strong bearish impetus yesterday by rallying back to 1.3240. Today the price fluctuates around this level waiting for an impulse extension or a reverse.
Pair is continuing to appreciate after receiving a bullish impetus from 0.99 and at the moment is testing 55-day SMA at 0.9939.
After being range bound for a few days pair tried to pick up, but received a consecutive bearish impetus, just from different level, and dipped 50 pips already and it does not seem that pair is planning to slow down anywhere till 0.815.
For the second day in a row pair has been moving up and down in 30 pip range (1.0385-1.0355)—primarily between 100–day SMA and Bollinger band.
Right from the start of the session pair has been appreciating non stop and at the moment is hovering around 113 JPY.
After a modest bullish correction last week USD/CHF pair intends to retest the lower channel boundary at 0.9114.
GBP/USD prepares for a correction, as the price reversed just ahead of a 16-month high at 1.6308 and continues to depreciate even further.
Seems that EUR/USD will stay beneath a 1.3230 level during Christmas and the New Year's Eve, as this level was retested by three consecutive trading sessions.
USD/JPY pair shows real Christmas miracles, as Shinzo Abe was approved as Japan's Prime Minister and the pair sky rocketed as a result.
Pair started the week rather erratically wandering between 55 and 100 day SMA's.
After a promising start earlier in the session pair did not manage to stay above 55-day SMA for a long time and at the moment is hovering between technical levels.
Pair tried to return above 55-day SMA, but already lost 30 pips after receiving a bearish impetus from it.
After a dim start of the week the pair picked up the pace and seems to be charging it self for one more attempt to advance above 112.5.
The pair has found support at 0.9098/77, though the rebound was not sufficiently strong in order for USD/CHF to gain a foothold at higher levels and maintain upwards direction today as well.
USD/JPY has reached a new 19-month high—84.63, but seems to be reluctant to carry on stepping higher, even though technical indicators on all relevant timeframes are bullish in aggregate.
The cable has revealed its strong correlation with EUR/USD by failing to sustain the rally above the bearish line, changing its direction just ahead of the 16-month high (1.6308).
Even though the bullish momentum appeared to be rather strong, as EUR/USD has been violating supports since August, bulls proved to be unable to throw the price over the major declining trend-line that has been preventing surges from emerging for the last 19 months.
Pair received a bearish impetus from 20-dai SMA at 0.8338 and has been depreciating ever since—for the time being it dipped 100 pips in the course of 16 hours.
After finishing in rather disappointing tone yesterday pair started today with a blast—it appreciated 20 pips in the first 4 hours, which was followed by a minor set back slightly above 0.99 and rocketed another 25 pips in next 4 hours.