An uptrend line at 106.89 should contain short-term dips, while the overall outlook for EUR/JPY is positive. After overcoming 108.75 the currency pair is anticipated to target 109.32/58 (55 week ma) next.
EUR/USD is currently headed towards 1.3055, which is unlikely to be able to negate bearish momentum. Therefore the next levels in focus are expected to be 1.2974/54 and 1.22624. From above the pair is capped by resistances located at 1.3192/1.3291 and 1.3487.
Strong bullish impetus of the currency pair has been stopped by a strong resistance located at 0.9237/41, turning daily bias to neutral. Now the price should target support at 0.9140/29.
Daily maximum: 82.85Daily minimum: 81.96After USD/JPY rebounded from an uptrend at 82.10, the US Dollar continued to appreciate relative to the Japanese Yen and is expected to do so for the time being.Daily Resistance: 82.75; 82.90/98.Daily Support: 82.56; 82.38/15; 81.92/90.Daily Bias: Bullish.
Bearish momentum of the Cable has weakened, allowing the pair to bounce off a support at 1.5603/5583. However, the current rally is likely to be tepid and halt near a tough resistance located at 1.5742/56.
EUR/JPY has been fluctuating within the levels of 108.65 and 108.25/10 intraday. Nonetheless, in days to come the pair should breach the immediade resistance and continue advancing.
EUR/USD has changed its direction before encountering a support at 1.3046/41 and is now headed towards a resistance located at 1.3132/40, which should be able to contain near-term rallies.
For the time being levels at 0.8931 and 0.9066 should provide sufficient support for USD/CHF, which in turn should commence rallying. On the way towards 0.9595 the pair will encounter resistances at 0.9241, 0.9317 and 0.9407.
USD/JPY is likely to carry on advancing, as it is being supported by though levels at 81.87, 81.15 and 80.90. After attaining an initial goal at 83.80, the pair is anticipated to move in the direction of 85.53 and 86.80.
The Cable is now facing a formidable support level situated at 1.5650/43. However, after a temporary rebound the latter level is expected to be penetrated, giving the possibility for GBP/USD to fall down to 1.5235.
A strong support at 106.63 should contain short-term dips, while the overall bias is bullish for the currency couple. Despite a recent failure of EUR/JPY to get a foothold above 108.75, the pair should retarget this level and eventually overcome it.
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.).