USD/JPY is currently trading just below the strong resistance at 100.88/40, created by the monthly R2 and the September high.
Despite the proximity of the exchange rate to the major falling resistance line, the British Pound is gaining value against the greenback.
Even though the long-term bias with respect to the currency pair remains bearish, for the time being EUR/USD does not seem to be willing to descend beneath one of the key supports at 1.3451/23.
Pair did not manage to advance above the weekly R1 yesterday, but seems to be aiming at it once again.
Pair failed to consolidate above the downtrend resistance (connecting July and September highs) as it failed at weekly and monthly R1.
Pair spent last four days testing and bouncing off the 100-day SMA.
Pair continues to appreciate after a bounce from the 55-day SMA.
USD/CHF quickly covered the distance between 0.9130/28 and 0.9204/0.9179 yesterday, but today appears to be having difficulties at the resistance that is formed by the weekly PP, monthly R1 and 100-day SMA.
USD/JPY extended its bullish run by surpassing the weekly R1 at 99.87.
Yesterday the Cable ran into a dense resistance zone that includes the monthly pivot point and 20 and 55-day SMAs.
As expected, EUR/USD stumbled ahead of the resistance at 1.3497 and plunged 50 pips before finding support at the area formed by the August high, 100-day SMA and the monthly S1.
Pair peaked to weekly R1 at 0.833, but failed to consolidate there.
After failing to consolidate above the downtrend resistance (connecting July and August highs) pair received a bullish impetus 20-day SMA and has peaked above the mentioned downtrend.
Pair has spend last three days bouncing off and testing 100-day SMA.
After the initial failure to consolidate above the 20-day SMA, pair managed to do so after receiving a push from 55-day SMA.
While neither the monthly R1 nor the 100-day SMA have been able to underpin the pair lately, USD/CHF has just started to show signs of recovery at the June low.
USD/JPY wobbles above the monthly R1, but is nevertheless poised for gains in the long run, being that beneath are strong demand areas and the monthly indicators are bullish.
After touching the support at 1.5898/71, consisting of the weekly and monthly S1 levels, the Pound soared all the way up to the monthly PP at 1.6066/49.
Yesterday EUR/USD was able to close above the August high. But now the single European currency is being sold off ahead of the major resistance at 1.3497, which is created by the weekly R1 and, more importantly, by the up-trend that connects the minima of July 9, September 6 and Nov 4.
Pair found initial support with the October low which could lead to moderate rally.
Pair continues to trade sideways as downtrend resistance (connecting June and July highs) proves to be too much for the pair's bulls at the moment.
Pair continues to and at the moment is facing monthly S1/weekly S2/Fibo 61.8% (September to October rally) at 0.9249/23.
Pair failed initial test at the 20-day SMA, it did not manage to consolidate above it.
As it turned out, being reassured by the daily technicals, we were too quick to suppose that the currency pair has gained a solid ground above the monthly R1 and the 100-day SMA.