GBP/USD ignored the resistance at 1.6089/66 and continued to climb en route to the main resistance area at 1.6273/37, as indicated by the majority of weekly technical studies.
The volatility of EUR/USD before this week's major events stays decreased, but is likely to pick up during the remaining two days.
After being range bound for almost two weeks pair broke out, advanced above the 20-day SMA and at the moment is aiming at weekly R2 at 0.8404.
Pair did not manage to advance above the weekly R1 and returned to the vicinity of 10th of October peak at 1.0420.
Managed to overcome the resistance around 95 cents and at the moment is aiming at 20 and 200-day SMA.
It seems that the pair prematurely received a bullish impetus from the weekly S1/100-day SMA which sent the pair back above 133 JPY.
USD/CHF is still struggling at the supply zone that consists of the 55-day SMA and the June low, but is expected to overcome it eventually.
Yesterday USD/JPY slipped down to the 20-day SMA at 98.15, but did not close below the support at 98.46/33, the one that is formed by the three major moving averages, namely for 55, 100 and 200 days.
Despite the resistances that lay overhead, the Cable has managed to climb all the way up to the monthly pivot point at 1.6066.
For a third day EUR/USD is being traded between the 55-day SMA from above and the up-trend support line from below.
Pair bounced from the weekly PP and is continuing to show mild bullishness, but it seems to be range bound in any case (0.8196 to 0.8334 in medium to long term; 0.8266 to 0.8334 in the short term).
Pair bounced off the 10th of October peak which was a noticeable peak since the beginning of September.
Despite the bullishness yesterday, the pair failed to consolidate above the 95 cent mark.
55-day SMA and monthly PP did not manage to keep the pair above the 133 JPY mark.
The market has confirmed the presence of a notable resistance zone around the June low at 0.9128, though this is highly unlikely to stop USD/CHF from advancing towards the next target at 0.9204/0.9186.
Right now USD/JPY is undergoing a correction, but a combination of the 55, 100 and 200-day SMAs has a good chance of stopping the dip from developing any further.
A shallow rally that has appeared after a test of the support at 1.5921 is about to encounter the resistance at 1.6013/1.5996, which in turn is followed by the monthly pivot point at 1.6066.
Yesterday an attempt of EUR/USD to close below the support trend-line did not succeed, and now the currency pair is trading at the 55-day SMA.
Pair is showing some bullish properties, but it is very likely it might remain somewhat range bound between 0.8195 and 0.8335 as it was in the last week or so.
Pair continues to depreciate and at the moment is hovering above a cluster of technical levels at 1.0400/358.
Pair is channelling some bullishness and at the moment and is testing 95 cent mark.
Pair started the week in a calm fashion and at the moment is hovering above the 55-day SMA.
The beginning of the last week the Euro stayed buoyant. Within the first three days the common currency even appreciated 0.3%, even though its main counterpart, the U.S. Dollar, has been on the constant rise since Oct 28 despite weak fundamentals. Apparently, the market participants gave the Euro the benefit of the doubt ahead of the important macroeconomic releases that
USD/CHF has found significant resistance in the face of 0.9128/25 and may therefore slip to the nearest support at 0.9061/47 or at 0.9031/21 before making another attempt to overcome this supply zone.