Pair failed at the weekly PP yesterday and today has trailed below the important psychological level at 1.10.
After a few attempts the pair successfully eroded resistance at 90 cents and at the moment is aiming at 91 cent mark.
Pair showed substantial gains after the ECB's benchmark rate decision was announced and at the moment is consolidating above 142 JPY.
This week's surge has been stopped near 0.89, where resistance is provided by the monthly PP, 2012 lows and the down-trend.
During this week USD/JPY has already pierced through a number of tough supports without consolidation and appears to be ready to keep on advancing further.
The Cable turned away from the support at 1.6621/1.6599, mainly created by the monthly PP, and negated most of the losses incurred this Monday.
The currency pair is presently eroding the upward-sloping trend-line.
After yesterday's struggle to break 0.8400 the pair breached it today and approached a new 2014 high at 0.8431.
Pair is continuing to trade in a narrow range without showing any clear bias to any side.
Pair continued to climb higher and peaked slightly above the 90 cent mark today.
Pair extended it's gains after jumping from monthly PP yesterday.
Instead of descending lower, down to the falling support line near 0.87, USD/CHF erased yet another portion of the losses made last Friday.
USD/JPY ignored presence of the weekly and monthly pivots at 101.77/75 and soared above the 38.2% Fibo retracement level.
A strong support area at 1.6621/00, created by the monthly PP and the weekly S1, did not let the bearishness seen this Monday to persist.
EUR/USD continues to respect the accelerated up-trend support line that may be drawn through the lows reached after Jan 31.
Today NZD/USD reached resistance line at 0.84 and was not able to break this level after minor movement yesterday.
Pair continues remain biasless and trades sideways. We saw and increase in volatility yesterday, but that failed to push the pair to the either side as it remains around 1.1050.
Pair continued to demonstrate bullish bias and seems to be consolidating above 89 cent mark.
After opening below the 100-day SMA, the pair received bullish impetus from the monthly R1 and at the moment is aiming at 55-day SMA/weekly R1.
Despite a strong downward impetus resulting from a sell-off last week, USD/CHF rose after plummeting down to 0.88.
USD/JPY starts Tuesday on a strong footing.
Although at first it seemed that the Sterling is planning to increase in value, at the end of the day it closed in red.
A recent rally of EUR/USD did not prove to be sustainable, as the pair did not manage to gain a foothold above the round level of 1.38 in order to extend the advancement.
Last week NZD/USD advanced slightly and it was trading just above the 20-day SMA. Today the pair was little changed; however, it has not lost its short-term bullishness.