As long as support at 0.9066/0.9000 remains intact, USD/CHF is perceived as bullish. Despite a failure to overcome resistance at 0.9200, the currency couple should be able to attain 0.9317/42 in the near future.
Violation of 0.9209 opened up the way towards 0.9317/42. Above the latter level the currency pair might set a goal at 0.9595. In the meantime losses should be contained by 0.9209, 0.9150 and 0.9085.
Given that USD/JPY has stabilised near 80.72 (55 day ma), bearish correction is soon to be over. However, there is still a slight chance of a drop down to 80.11 before bullish momentum is reignited.
The Cable had tumbled before it managed to test 1.6000 and is now targeting a support level at 1.5821, which guards 1.5599 and 1.5412. Apart from 1.6000, resistances are at 1.6037, 1.6062 and 1.6092.
For now the currency couple should be capped by a downtrend resistance line until 104.24/103.50 is reached, where recovery is likely to commence. Near-term rallies are to be contained by 107.10, 107.35 and 108.43.
EUR/USD has recently bounced off a resistance at 1.3204 (55 day ma) and penetrated a support at 1.3034. As an extension of its dip the pair is expected to fall down to 1.2974/54. Subsequent level is located at 1.2624.
USD/CHF remains under the effect of an encounter with a downtrend resistance line at 0.9215 and is presently trading lower. The currency pair is anticipated to fall down to 0.9066, but then resume inching higher once again.
USD/JPY seems to be terminating bearish correction, however, possibility of a drop down to 80.11 may not be excluded yet. In order to confirm emergence of an uptrend, the pair needs to climb above 82.00/42 first.
Despite persistence of the pair in challenging 1.60, it is not deemed as bullish enough to be capable of clearing out resistances that lie ahead. Therefore the Cable should decline in the long-term perspective.
EUR/JPY has halted its downward move, but this is viewed only as a very near-term tendency. Sustained rally is unlikely to appear on the chart before the pair encounters 104.24/103.50, then bearish correction will be considered to be over.
Even though EUR/USD has bounced off a support at 1.3035, it is expected to remain capped by resistances at 1.3207 (55 day ma), 1.3338 and 1.3385. Bearish momentum should be reignited near one of those levels, resulting in a dip down to 1.2974/54 within the next month.
The US Dollar seems to be weakening against the Swiss Franc after USD/CHF has encountered a formidable resistance at 0.9221. Accordingly, the pair is expected to slide further, down to 0.9110/0.9066, where it will have a greater chance to stabilise.
In the short-term the currency couple remains bearish, as it is likely to break a support at 80.56 and dip down to 80.11 preceding to a robust recovery. Resistances are situated at 81.87, 82.00 and 82.52.
Advancement of GBP/USD, which started at 55 day ma at 1.5827, is viewed as being limited by resistances located at 1.5935/65 and 1.6062. Additional support level, on the other hand, may be found at 1.5805/03.
The pair is presently making a bullish correction near 105.93/65 before another leg down to 103.50. The latter level is likely to provide sufficient support in order for EUR/JPY to commence recovering from there.
EUR/USD is currently recovering from 1.3034, however, the rally is expected to be tepid, given tough resistances at 1.3162 and 1.3207. Within the next few weeks the currency pair is deemed to be capable of breaching 1.2974/54 and falling lower.
USD/CHF disregarded the neutral sentiment and moved in line with persistent bearish trend, demolishing a cluster of supports at 0.9153/36. The pair presently is trading within the corridor formed by 0.9143 and 0.9137 but soon is likely to dip down to a support at 0.9128.
The USD/JPY pair breached the resistance at 80.84, bounced off and found support at 80.58. Afterwards the pair extended the rally and is now well-placed to break resistance at 81.10.
GBP/USD ignored neutral bias and followed solid bullish path during session. The Cable breached resistances at 1.5864 and 1.5919 and currently is challenging the confluence of resistances at 1.5928/37.
EUR/JPY pair experienced a mild growth during session and eroded resistance levels at 105.57 and 106.13. The pair is likely to test next resistance at 106.80.
Despite neutral sentiment, EUR/USD followed bullish trend during session, breaking resistances at 1.3090 and 1.3133. The pair currently is struggling at 1.3146/57 and may reverse its trend.
In the short run USD/CHF is anticipated to trade flat. At the moment it faces a tough resistance at 0.9229, encounter with which may trigger losses down to 0.9110/0.9066. Nonetheless, bullish momentum should be reignited shortly after that.
The currency couple is presently headed towards 80.11, where USD/JPY should consolidate and start recovering. In the meantime, resistances at 81.87/82.00 and 82.62 will contain the pair from above.
GBP/USD did not wander far away from 1.5822 (55 day ma) and is soon likely to commence falling and, as a result, challenge 1.5794. Below the latter level the Cable will be aiming for 1.5599 and 1.5412.