The price is getting closer to an uptrend at 1.5412/15, below which GBP/USD may encounter supports at 1.5272 and 1.5093, should the pair show weakness. From above GBP/USD is capped by resistances at 1.5562 and 1.5749.
EUR/JPY currency pair is currently headed towards a level of 100.77, while 100.00 is likely to be next target, since support at 102.49 has been breached. Resistances are located at 103.77, 104.86 and 105.72.
After a break of 1.3145 bearish impetus of the pair has strengthened and may drag EUR/USD down to 1.2860. While the long-term target lies at 1.20. Rallies, on the other hand, are expected to be limited by resistances at 1.3212 and 1.3355.
The pair continues its rally as investors turn positive before the FOMC Statement release today. Meanwhile, the daily mean at 0.9346 has been successfully breached.
USD/JPY is trading in the 77-78 price channel as investors remain concerned over the European long-term economic prospects, thus the daily forecast mean at 77.83 has been pierce.
The British pound rebounded today after the Retail Price Index rose more than expected, inspiring optimism among investors and causing the market daily target at 1.5589 to breach.
The common European currency inched lower today, crossing the daily target at 102.98 as investors favour buying Japanese yens on EU debt concerns.
The pair committed a correction after the German ZEW Economic Sentiment declined less than expected, reaching -53.8 versus estimated -56.1 while Spain sold more debt than it had planned. The forecast mean has been touched.
The American Dollar - Swiss Franc currency pair is making an attempt to finally break through a tough resistance area which lies at 0.9341/99. In case USD/CHF confirms a break of 0.9400, further goal will be set at 0.9776/84.
USD/JPY has distanced itself from 77.11/19, which is a cluster of 55 and 100 day moving averages. At the moment the price is bullish and therefore is likely to advance, encountering resistances at 78.29/30, 78.66 and 80.12 on its way.
GBP/USD has turned neutral and therefore is expected to act calmly for now. Resistances are located at 1.5752, 1.5796 and 1.5872. While supports should limit possible dips at 1.5560, 1.5500 and 1.5397.
Support at 102.99 has been violated and the price is currently headed toward a subsequent level at 102.49. From above the currency pair is capped by resistances situated at 104.91 and 105.72 which should halt rallies.
EUR/USD is extremely bearish, as it has just breached through 1.3220. The next level in focus is 1.3145 which is likely to be reached in the near term. Initial resistance is at 1.3381, followed by 1.3550/77.
The common European currency inched lower today, crossing the daily target at 103.83 as investors voted 'thumbs-down' to the EU deal on financial compact.
USD/CHF is trading higher after the Swiss economy posted a 4.05M employment level – higher than expected, causing investors to move from safe-haven to riskier assets. The forecast mean at 0.9231 remained untapped today.
The American dollar returned to the 77-78 price range as investors remain concerns over the European long-term economic prospects, piercing the daily consensus at 77.63.
The British pound moved its bearish trend as the UK Prime Minister David Cameron refused to support the financial pact the rest of the EU members agreed on, making investors anxious on the prospects of Europe and leaving the daily forecast mean at 1.5663 intact.
The market forecast mean at 1.3371 was touched today though the pair erased earlier gains as the European financial agreement made last Friday did not convince investors.
USD/CHF currency couple should carry on hovering for now just below a strong resistance area located at 0.9341/99, while being supported by 0.9176. Additional support lines are situated at 0.9040 and 0.8950.
A cluster of supports at 77.12/16 is formed by 55 and 100 day moving averages and has already proved to be rather reliable. Therefore the focus is on the upside, as USD/JPY targets 78.66 en route to 80.12, the 55 week ma.
Recovery which commenced at 1.5415/06 may extend deeper, up to 1.5883/88, if the current bullish impetus is strong enough. Although the pair will have to overcome resistances at 1.5752 and 1.5872 first.
The currency pair is unlikely to overcome 106.00 resistance line in the nearest future, on the contrary it has a better chance declining after being unable to breach 104.92 level. The initial support is at 102.99, followed by 102.70/48 and 102.44.
While being capped by tough resistances at 1.3460/87 and 1.3600/15, EUR/USD is likely to show further weakness and slide down to 1.3220/18. Should this support be broken, subsequent levels at 1.3145 and 1.2860 may be reached.
USD/CHF advanced upwards today as University of Michigan Preliminary Consumer Sentiment was larger than expected, crossing the market mean at 0.9247.