Despite the bearishness of the weekly and monthly technical indicators the Euro keeps gaining more and more ground against the Yen.
Thursday saw gold prices depreciating on the back of increasing risk appetite across the board.
Because of BoJ's unexpected announcement USD/JPY covered the distance between the yesterday's close and 120.50 yen a lot sooner than estimated.
The Cable soared from 1.4230 yesterday and even punched through the resistance line at 1.4360, which was considered to be capable of stopping near-term rallies.
EUR/USD rallied for a fourth consecutive day on Thursday and touched the closest resistance area around 1.0950/70.
NZD/USD has broken out of the symmetrical triangle in the four-hour chart to the downside, meaning we are highly likely to see continuation of the decline from 0.6870 started at the very end of 2015.
USD/CAD remains in the correctional phase after an unsuccessful attack on 1.46 in mid-January.
The recently formed up-trend is holding well, meaning the chances of the Aussie preserving the bullish momentum remain on the table.
EUR/JPY is about to post a sixth day of gains in a row, and for the next 30-40 pips there are no significant resistances.
Gold booked another trading session of gains on Wednesday, after the Fed statement indicated lower probability of a rate hike in March.
At the moment, USD/JPY appears to be on its way back to the major support trend-line the pair has recently (Jan 4) breached.
Yesterday, the Cable completed a pullback after it had breached the accelerated falling trend-line earlier this week.
A dense and difficult resistance cluster ahead of the spot makes the mid-term bearish scenario much more likely than the bullish one.
On Tuesday the American Dollar negated all gains and slumped as low as 1.4047, but with trade closing near the key level of 1.4124.
The Kiwi edged higher towards the 0.65 psychological level on Tuesday, boosted by a rebound in commodity prices.
The Australian Dollar completely erased its Monday's losses against the US currency yesterday, closing not far above the 0.70 level.
The European currency extended its gains for the fourth consecutive time yesterday, with the upper border getting violated.
Gold will likely manage to consolidate above 1,107 on Wednesday, in case it preserves gains of the previous trading session.
The USD/JPY managed to erase daily losses on Tuesday, as a strong reading of the US CB Consumer Confidence boosted the American currency.
The British currency was able to recover from daily losses and end the day with a rally, with a six-week down-trend getting breached.
The pair fluctuated within the range between two moving averages on Tuesday, namely 20 and 55-day SMAs at 1.0869 and 1.0829, respectively.
The NZD/USD ended the day lower on Monday, reaching its target of 0.6455, thus, closing trade between the weekly PP and the monthly S1.
The US currency's behaviour fell in line with expectations, with the USD/CAD closing trade several pips in front of the second resistance target.
The Aussie declined against its US counterpart on Monday, with trade closing slightly below the immediate support.