Being that a tough support at 0.9066 was not breached, the pair is well-placed for gains up to 0.9206/11, penetration of which will pave a way towards 0.9317. Further levels may be found at 0.9342 and 0.9595.
As long as a key support at 83.38/82.38 manages to underpin the currency pair, USD/JPY will remain bullish and should aim for 85.53 in the long-term. However, if 82.38 is violated, additional supports at 81.87 and 80.58 might be able to contain further dips.
After stalling ahead of 1.5927 the Cable is now expected to commence moving towards supports. The initial goal lies at 1.5760/45, whereas subsequent levels should be encountered at 1.5643/1.5599.
Upside impetus of the pair has vanished, implying EUR/JPY is likely to start falling down from 111.57. The price is now expected to reach 108.45 while being en route to a longer term target located at 105.89.
EUR/USD presently does not seem to possess enough bullish momentum to be capable of breaching a key resistance zone 1.3291/1.3325. In case the currency pair dips below 1.3140, there will be an increased possibility of a drop down to 1.3112 (55 day ma).
Despite the majority of the indicators poiting to the downside, USD/CHF currency pair has managed to rally and has already breached a resistance at 0.9118/21.
After surging up to a resistance at 84.11, the pair has bounced off it and is now headed towards support at 83.60, where USD/JPY is expected to commence recovering until 84.56 is reached.
GBP/USD broke the resistance at 1.5896 in the morning but retreated afterwards and fell rapidly, breaching a support level at 1.5831. The pair currently is struggling at a confluence of supports at 1.5850/42.
After finding resistance at 111.32 the pair bounced off and sharply fell, broke the support at 111.17 and extended dip breaching a next support at 110.62. EUR/JPY may decline further until next support at 110.41.
Despite strong bullish sentiment, EUR/USD was falling until it met a support at 1.3226. The pair struggled at 1.3241/20 but prolonged its downward movement. EUR/USD currently is eroding support at 1.3195. In case the pair breaks this support level, it may drop further till next support at 1.3141.
There is little chance of the pair closing below 0.9066, however, we cannot rule out the possibility of a drop down to 0.8998. At the same time resistances at 0.9179, 0.9205 and 0.9300 will attempt to prevent USD/CHF from recovering.
Encounter of the currency couple with a key support area at 83.12/82.38 is expected to reignite bullish momentum, which should last until at least 85.53 is attained. Resistances are at 83.98, 84.19 and 84.82.
GBP/USD should be unable to reach 1.5992. Even if it climbs over 1.5927, rallies should be tepid. Near-term support may be found at 1.5755/45, while subsequent levels are situated at 1.5643 and 1.5235.
Failure to overcome resistance level at 111.57 might result in a dip, which is likely to extend down to a support at 108.20. Bullish outlook, nonetheless, should be preserved, as EUR/JPY is headed to 113.29.
Current bullish advancement of the pair is expected to come to an end near a strong resistance zone located at 1.3291/1.3325. Once EUR/USD is rejected by this area, it will recommence moving towards the long-term target at 1.2624.
The currency couple has failed to overcome 0.9148 and is now attempting to form a base near an immediate support located at 0.9110. This level is unlikely to withstand bearish pressure for long, as USD/CHF has been trading in a downward sloping channel since Mar 15 and there is little chance of a reversal in the nearest future.
Given a large amount of resistances USD/JPY is currently facing, it will take some time to erode the area from 83.52/84.20. Therefore the pair is likely to drop down to 82.90/77 first and only then current bearish correction will be deemed to be over.
Cable's bullish momentum has temporarily weakened, allowing for a dip down to 1.5780/74. Nonetheless, the pair should be able to regain strength at the latter level and recommence advancing towards 1.5949/66.
EUR/JPY has been trading flat today as it has been struggling with a resistance at 110.85. Being that the long-term outlook remains bullish, this level should be breached after the pair pulls back to and then rebounds from 110.01.
Despite the majority of indicators being bullish, EUR/USD has sold off to a confluence of supports at 1.3169/58, where it has managed to regain its upside momentum and commence rallying. The pair is thus expected to attain 1.3276/82 in the near-term and consolidate there.
USD/CHF has the potential to plummet down to 0.9066, which in turn should be able to halt bearish thrust. In order to restore bullish bias the currency pair will have to overcome an initial resistance at 0.9215/24 (20 day ma) first.
As long as a key support area at 82.40/81.90 remains intact, USD/JPY currency couple is viewed as bullish and should soon recommence advancing towards 85.53. On the way there the pair will encounter resistances at 83.98 and 84.51.
After breaching resistance at 1.5859 (200 day ma) the Cable might keep present bullish momentum until 1.5992 is reached. This would shift a focus to supports situated at 1.5773, 1.5755/45 and 1.5694, since the resistance is unlikely to give in.
EUR/JPY has pierced through 110.26 and is now likely to target higher levels - 111.57 in the short-term and 113.29 in the longer term. At the same time 107.93 should act as a line in the sand and prevent extensive dips.