The daily forecast mean at 1.3009 has been touched, though the pair recovered its intraday losses after Mario Draghi, the ECB chairman, stated the euro zone is on the right track.
Currency pair's bearish movement seems to be decelerating while approaching 1.2860. Test of this support might result in a near-term rally, although the longer-term study suggests continuation of a downtrend, down to 1.2089.
While being capped by resistances at 102.49, 103.53 and 104.76 EUR/JPY is heading toward 100.77. In case the latter level does not hold the bearish pressure, current dip might extend down to 100.00. The initial support, however, is presently at 101.10.
Since a support located at 1.5415 has managed to repel GBP/USD's attack, the pair is likely to recover for now. To maintain its upward direction the price will have to overcome resistance at 1.5746. Dips are not expected to wander far below 1.5415.
While being supported by a number of closely situated lines, at 77.29, 77.26/12 and 76.22, the currency pair is unlikely to show any weakness for the time being. It is anticipated to focus on resistances instead. The immediate one is at 78.27/29, while subsequent levels may be found at 78.18, 78.66 and 79.10.
USD/CHF has rebounded from 0.9550 and now is likely to contract down to 0.9280 which should be able to reignite bullish momentum, while additional support will be provided by 0.9176. The long-term goal lies at 0.9776/84, ahead of 0.9950.
The market participants' target at 0.9510 has been touched as the US economy posted less-than-expected number of jobless benefits claims and Empire State Manufacturing Index rose 3 times than 3.1 estimate (9.5), pointing at the US economy getting stronger.
The market participants' mean at 78.04 has been broken through as more investors purchased the American dollar versus Japanese yen on less-than-forecast unemployment claims in the US (366K versus an estimate of 389K).
The British pound pared earlier weekly losses on hopes European economic recovery is keeping pace. As a result, the daily market participants' target at 1.5467 has been successfully tested.
The pair mildly recovered after the publication of strong macroeconomic EU data, showing investors still hope the economic recovery in Europe is not losing steam; therefore the daily forecast consensus at 101.39 has been pierced.
The common European currency recovered today after the publication of strong German Manufacturing and Services PMI data and improved Flash Services and Manufacturing PMI overall in Europe. The daily forecast mean at 1.2992 has been hit.
The interim goal for USD/CHF is at 0.9776/84, while the main target lies at 0.9950, since bullishness of the pair is supported by the majority of short- and mid-term indicators. Supports are positioned at 0.9400, 0.9331/17 and 0.9240.
The American Dollar - Japanese Yen currency couple approaches resistance zone at 78.22/66, which is likely to withstand the initial attack. Dips are expected to be limited by supports that may be found at 77.29, 77.24/12 and at 76.22.
GBP/USD is nearing a downtrend at 1.5415, which acts as a support at the moment. In case bearish impetus strengthens, subsequent line at 1.5272 might come into play. From above the pair is capped by resistances situated at 1.5747 and 1.5883/88.
EUR/JPY is presently heading to the initial target located at 100.77. Further aim will be set at 100.00, after the aforementioned level is violated. Rallies should be kept by tough resistances at 102.49, 103.53 and 104.81.
After penetrating supports at 1.3145 and 1.3000 EUR/USD currency pair maintains its bearish course toward 1.2860. Should the latter level be breached as well, the price might decline down to 1.2068.
Since a key resistance area has been overcome by USD/CHF, the pair is likely to surge further, up to subsequent levels at 0.9776/84, while longer term target is at 0.9950. Supports may be found at 0.9331/17 and 0.9240.
USD/JPY is bullish at the moment while approaching 78.28/30 which is not expected to halt upward movement of the pair. Further goals are situated at 78.66 and 80.12. The initial support is at 77.29, additional levels are at 77.11 and 76.22.
The price is getting closer to an uptrend at 1.5412/15, below which GBP/USD may encounter supports at 1.5272 and 1.5093, should the pair show weakness. From above GBP/USD is capped by resistances at 1.5562 and 1.5749.
EUR/JPY currency pair is currently headed towards a level of 100.77, while 100.00 is likely to be next target, since support at 102.49 has been breached. Resistances are located at 103.77, 104.86 and 105.72.
After a break of 1.3145 bearish impetus of the pair has strengthened and may drag EUR/USD down to 1.2860. While the long-term target lies at 1.20. Rallies, on the other hand, are expected to be limited by resistances at 1.3212 and 1.3355.
The pair continues its rally as investors turn positive before the FOMC Statement release today. Meanwhile, the daily mean at 0.9346 has been successfully breached.
USD/JPY is trading in the 77-78 price channel as investors remain concerned over the European long-term economic prospects, thus the daily forecast mean at 77.83 has been pierce.
The British pound rebounded today after the Retail Price Index rose more than expected, inspiring optimism among investors and causing the market daily target at 1.5589 to breach.