EUR/USD should remain capped by a tough resistance located at 1.3291/1.3325, which is expected to contain near-term rallies. The immediate support on the other hand is at 1.3135, followed by a key level at 1.2974/54.
After stalling near 1.3184 in the first part of the day, the pair has managed to overcome this resistance. At the moment it is headed towards 1.3274, which may halt bullish advancement.
The currency pair has bounced off a tough support at 109.46/19 (55 and 100 day ma and an uptrend) and is about to test 110.60, which should cap EUR/JPY for now.
Being that the daily bias is neutral and the Cable is slowly inching towards 1.5902, rallies should not extend far above this level, due to a confluence of resistances slightly higher, which is situated at 1.5952/65.
USD/JPY has been trading today within a corridor formed by a resistance at 83.51 and a support at 83.09. Since this near-term consolidation is a part of a bearish correction, resistance at 83.70 should be challenged as soon as this pullback is over.
Support located at 0.9091 managed to withstand bearish pressure for now. However, the price might drop even lower, down to 0.0914, given its recent tendency.
As long as supports situated at 0.9141 and 0.9066 manage to withstand bearish pressure, long-term outlook will remain bullish for the currency couple. Resistances will be encountered at 0.9228, 0.9300 and 0.9317.
USD/JPY currency pair seems to be weakening in the short-term. This may allow for a drop down to 82.23. Nonetheless, support at 81.98/61 should be able to preserve the overall long-term bullish bias.
Despite the recent bullish momentum of the pair, which managed to drag it above 1.5810 (200 day ma), the rally is unlikely to extend beyond 1.5992. The immediate support may be found at 1.5773, while subsequent levels are at 1.5730 and 1.5689.
Being that resistance levels at 110.26 and 111.57 are rather strong, there is little chance they will be breached at the very first try. Dips are to be contained by supports located at 108.01, 107.61 and 105.00.
EUR/USD has bounced off 1.3000 and is now headed towards 1.3291/1.3325, where the pair is expected to stop advancing and terminate its bullish correction. Supports at 1.2974/54 and 1.2624 should thus be in focus.
USD/CHF went astray from its main upward course and has fallen through a tough support at 0.9203/0.9194. At the moment the pair is slowing down and is anticipated to form a temporary base ahead of 0.9123.
USD/JPY is currently eroding a cluster of supports at 83.43, which is now becoming a resistance. This dip should be contained by another support at 82.63, where the pair should veer.
The Cable has failed to overcome a resistance level located at 1.5850 and is now slowly inching lower, down to 1.5793, while a key support may be found at 1.5713/1.5683, being a confluence of 55, 100 and 200 moving averages, apart from a downtrend and a pivot point.
EUR/JPY has now stalled at 109.84, which is likely to be a short-term consolidation before the price recommences its rally towards 110.17, en route to 110.44.
EUR/USD has ignored a string of resistances and has effortlessly pierced through 1.3100/3086. However, 1.3182 managed to halt advancement of the pair, which is now expected to terminate its bullish move and continue falling down.
Failed attempt to penetrate 0.9317 should result in a dip to 0.9185, which guards a subsequent support level at 0.9066. Rallies should be contained by resistances at 0.9300, 0.9317 and 0.9340/42.
Near-term outlook for USD/JPY is negative due to a possibility that the US Dollar might weaken to JPY 82.23. Nonetheless, this correction is viewed only as temporary, leaving the overall bias bullish.
The Cable is trading flat for now just above a support situated at 1.5650/43, although it is unlikely to hold for long, since the pair is capped by 1.5747/1.5833. Additional supports may be found at 1.5599 and 1.5500.
After attaining 109.32/58 (55 week ma) EUR/JPY is expected to pull back to a support at 107.41 as part of its bearish correction before setting new targets at 110.26 and 111.57. In the longer term we may observe advancement towards 113.29.
Even though bearish momentum seems to be weakening, intraday rallies of the currency couple should remain tepid due to a formidable resistance area located at 1.3192/1.3291. Support at 1.2624 remains as the long-term target.
USD/CHF has dipped below 0.9254/62 and is now challenging a support line at 0.9226. In case the latter level gives in, the pair should bounce off 0.9183/80 afterwards.
USD/JPY is presently in the process of making a short-term bearish correction before it recommences to advance. Even if a strong support located at 83.36/22 is breached, subsequent level at 83.00/82.88 should ensure that the pair keeps long-term bullish bias.
Downside momentum of the pair has lost strength and the Cable is currently testing resistance at 1.5678/81. However, the pair is capped by a stronger level at 1.5713/27, approach to which may reignite bearish behaviour.