The pair still have not gained momentum and it is trading around the weekly S2; however, we think it is worth pointing out that today the greenback slid lower than yesterday.
The Aussie managed to recover from yesterday's drop and even approached the weekly R2 at 0.9379.
EUR/JPY has received a bullish impetus from the weekly and monthly PP at 141.75/80, thus pair's value has been pushed above the major level at 142.
An encounter with the weekly S1 helped USD/CHF to pare some of the recent losses, but the general tendency of the currency pair is still seen as downward.
As many of the supports have already given up, it is now 200-day SMA's task to revive a bullish momentum of USD/JPY.
Judging by the currency pair's behaviour near 1.70 yesterday, the resistance created by the 2009 highs and monthly R1 will be difficult to breach.
After approaching the up-trend resistance line and monthly R1 level at 1.3958, EUR/USD turned around and closed beneath the weekly R1.
The pair has fallen beneath the weekly and monthly R1 at 0.8714/31 after yesterday's advance, when a new 32-month high was set.
The pair's decline stopped around the weekly S2 at 1.0881 yesterday; however, today the greenback has managed to recover slightly.
The Aussie slid slightly, after yesterday's advance when it breached the 20-day SMA; moreover, the pair traded below this level for 10 straight days.
Today the pair is reaching towards the weekly S1 at 140.27 for the third day; however, after minor drop it rebounded to trade around the weekly and monthly PP.
USD/CHF continues its journey south, where it is expected to meet the 2011 lows, which are located at 0.86 together with the long-term down-trend.
The rising support line that has been in force since the first quarter of 2013 failed to keep the up-trend intact.
Despite the different directions implied by the various technical indicators, GBP/USD soared through the nearest resistances and reached the 2009 highs at 1.70.
Instead of declining from 1.39, a multi-year down-trend, the Euro notably appreciated, as was suggested by the technical indicators.
NZD/USD has set a new 32 month high at 0.8779, after that the pair slid slightly back and at the moment it is trading around the weekly R2 at 0.8769.
The pair closed below the monthly PP at 1.0965 yesterday and that provoked the bearish traders to start a selloff.
The pair breached the 20-day SMA, monthly PP and weekly R1 around 0.9320 today, this was the first major move in about two weeks.
Today EUR/JPY managed to break 142 level; however, the pair did not stay there for long and it slid below the weekly and monthly PP once again.
This week's bearish gap has been closed and USD/CHF now stands ready to decline.
USD/JPY continues to grind lower, although it has already hit the major rising support line at 102.00/101.82.
GBP/USD, while trading below 1.69, is struggling to resume the rally.
There are now even more ‘buy' signals than yesterday, even though the currency pair is facing a tough resistance represented by the multi-year down-trend.
Pair started the week with bullish bias and at the moment is flirting with 2013 high.