Despite the momentum the pair demonstrated last week it failed to advance further today and is approaching 20-day SMA.
Pair showed minor bearish bias earlier in the day, but apparently received a bullish impetus from the 20-day SMA and at the moment is approaching 90 cent mark.
Pair took a step back after a volatile recovery last week and at the moment is consolidating slightly above 140 JPY mark.
Considering that USD/CHF has recently breached 0.89, it is more likely to continue its journey south.
Not without certain difficulties, but last week USD/JPY gained a foothold above the 38.2% Fibonacci retracement level of the November-December rally, thereby confirming its bullish intentions.
As a week ago GBP/USD proved to be unable to surpass a tough resistance at 1.6851/29, the currency pair preserves bearish momentum.
After traveling down to the monthly R1 the currency pair returned back to the major down-trend resistance line, intactness of which implies long-term bearish outlook for EUR/USD.
NZD/USD is struggling to recover after a strong sell-off (100 pips) that took place early this week.
USD/CAD preserves the upward inertia and has already violated a number of significant supports, including the monthly pivot point and both 23.6% and 38.2% Fibonacci retracement levels of January's up-move.
AUD/USD largely ignores the daily indicators and is rather following the signals shown by the studies on the weekly and monthly charts, as an attempt to return back above the monthly R1 so far appears to be unsuccessful.
While being upheld by the accelerated support line that connects the minima staged since Feb 3, EUR/JPY retains bullish momentum despite two days of poor performance.
The weekly S1 at 0.8865 turned out to be resilient by not letting USD/CHF to develop the dip further.
Although yesterday it appeared that the support at 102.11/101.92 will not manage to prevent a sell-off, in the end the 38.2% Fibo, in conjunction with the weekly PP and the 20-day SMA, stopped the decline.
The British Pound keeps on grinding lower and may possibly close a fifth day in a row in red.
Despite the bullish indicators, the currency pair continues to drift away from the key resistance at 1.3758, which needs to stay intact for the long-term bearish outlook to remain valid.
Pair found support with 20, 55 and 100-day SMAs and has tested weekly S1 today.
Pair received a substantial bullish impetus from the weekly S1/55-day SMA and is trading above the major level at 1.10 today.
The pair is continuing to demonstrate bearish bias, but it seems it hit the bottom for the time being at the 20-day SMA today.
Pairs extended it's losses after failing to breach 141.02/18 few days ago.
After a short upward correction, originated by the weekly S1, USD/CHF now seems to be ready to resume the decline, which is supposed to extend down to 0.8730, the long-term falling trend-line.
Yesterday USD/JPY did not manage to settle above the 100-day SMA and the weekly R1, and now bears are pushing the currency pair south, towards the 38.2% Fibonacci retracement level.
Even though the monthly R1 did provide sufficient support to negate the sell-off, it was not enough to initiate another attack on 1.6829, formed by the rising resistance line and the monthly R2 level.
Although for now the major down-trend resistance line appears to be safe, EUR/USD continues to attack 1.3758.
Judging by today's price action, NZD/USD does not seem to be willing to give up on breaching 0.84, a level which historically has proven to be rather significant, if we look at the highs posted since last year's September.