Pair received a substantial bullish impetus after peaking above the weekly PP yesterday and is testing 1.07 at the moment.
Pair continued to trail lower and has reached new, 2013, low at 0.8822 yesterday.
Pair is demonstrating bullish intentions and has peaked to a new, 2013, high yesterday.
Being that the currency pair has quickly returned back above the up-trend, the outlook on USD/JPY stays positive, as also indicated by the daily and monthly technical studies.
An assumption that USD/CHF will descend down to 0.8798/97 prior to a robust recovery turned out to be invalid—the rate has already penetrated several resistances and is currently testing 0.8958/44.
After touching the support at 1.6218/1.6189 GBP/USD received a strong upward impetus.
Although EUR/USD remained bullish longer than initially expected, the currency pair has finally fallen through the nearest supports and is set to decline even further.
Since the beginning of the week pair has failed to pick up the pace and seems to be range bound between weekly PP and 20 and 100-day SMA/monthly PP/weekly S1.
Pair seems to have breached the range boundaries in which it was for the past 4 days, but it should advance above the 2011 high to confirm it.
Monthly R1 failed to provide strong enough support for the pair to hold it as aussie-greenback cross continues to trail lower.
Pair seems to be unprepared to advance above the monthly R1 and if it will not manage to show a solid close above this level we expect it to trail lower.
USD/CHF is currently eroding the weekly S1 and is unlikely to stop here.
Although the rising trend-line that secured an up-move failed to stay intact, the sell-off did not extend beyond the support at 102.66/30 and already all of the yesterday's losses have been erased.
Just as many other currency pairs GBP/USD stays largely flat ahead of the potentially game-changing events.
EUR/USD continues to slowly grind higher, even though it is highly unlikely to pass through the nearest and at the same time one of the strongest resistances at 1.3831/00.
Pair failed to gain pace as it continues to hover below the 55-day SMA.
Initial bearishness of the pair was neutralised once it hit the August high.
Pair continues to trail lower and is showing more clear bearishness.
"In the meantime, we continue to scratch our heads about the euro's strength. I guess the euro is being lifted by year-end factors - liquidity has tightened in the euro zone with European banks paying back loans owed to the European Central Bank. That has pushed up short-term interest rates." - BNP Paribas (based on Reuters)Pair's OutlookIt seems that bulls continue
As expected, 0.8892/90 failed to buoy USD/CHF for long and allowed a dip down to the weekly S1 at 0.8850.
Being that USD/JPY has not yet closed beneath the rising support line, we should not rule out a possibility of an up-move, which will pierce through the resistance at 103.83/74.
Yesterday's attempt of GBP/USD to rise beyond 1.6343/36 turned out to be unsuccessful, but the currency pair still appears to be willing to move north, en route to the 2011 high at 1.6745/35.
Tapering in "March is unlikely. It comes down to December or January. It really is just waiting for Wednesday."- BMO Capital Markets (based on MarketWatch)Pair's OutlookDespite a recent test of the major falling resistance line, which should have entailed a massive sell-off, EUR/USD remains well-underpinned by the supports at 1.3747 and 1.3711/1.3664. Moreover, most of the daily technical indicators are
Pair ended last week and started this week demonstrating mild bullishness, at the moment is aiming at 55-day SMA, but it is to early to say if it will remain range bound between 0.823 and 0.833 as it was last week.