GBP/USD's upward impetus proved to be weak, as the currency pair failed to surpass the resistance at 1.6228 and thus confirmed the bearish outlook.
EUR/USD has stalled after a breach of the resistance at 1.3790/65, but is nonetheless capable of adding to the recent gains.
October high failed the pair and send it breaching through the September high.
Pair bounced from the support line at 1.0275, but seems to be struggling with weekly PP/20-day SMA.
Pair did not manage to advance above weekly R1, what would have put June high on the map, and at the moment is hovering slightly above the 200-day SMA.
Yesterday's peak above the monthly R1 was just temporary as it failed the pair and sent it down to 133.6.
USD/CHF has fallen beneath the February low at 0.9021 and is now moving en route to the previous year's February low at 0.8930.
The down-side risks materialised in the form of a precipitous 70-pip long dip.
Even though GBP/USD was buoyed by strong buying pressure yesterday, the currency pair did not manage to overcome the key resistance line at 1.6228 that safeguards the January high at 1.6390.
Yesterday the technically bearish outlook on EUR/USD turned to be irrelevant due to the changes in the fundamental context of the market.
Pair seemed liked dipping below the September high, but received bullish impetus from it and at the moment is aiming at weekly and monthly R1.
Pair demonstrated some bullishness, but received a bearish impetus from the 200-day SMA.
Pair received a bullish impetus from the 200-day SMA and is aiming at June high at the moment.
Pair eroded the resistance of weekly R1, September high and at the moment is aiming at weekly R3 at 136.11.
While our medium and long term bias towards USD/CHF stays bullish, at the moment the currency pair seems to be unable to break free from the gravity of 0.9021 (Feb low).
USD/JPY started to erode the resistance created by the 20-day SMA and the weekly PP.
As expected, the major down-trend resistance line repelled the Cable, which is now about to hit the weekly PP at 1.6097.
EUR/USD is currently in the vicinity of the strong resistance area consisting of the Feb high, monthly R1 and the up-trend line, which is not supposed to let the currency pair to climb higher.
Pair is showing signs of minor bearishness and at the moment is testing the strength of the September high support.
Pair seems to be developing further sell off as 1.0275 seems to be just holding the pair, but not initiating a recovery.
Pair seems to have calmed down after the rally last week.
Pair is slowly moving towards the weekly R1. Dip above it would put September high on the map.
The support at 0.9021 (Feb low) underpinned USD/CHF, which is now supposed to target resistances.
Being that USD/JPY is in the proximity of the rising support line at 97.04, the currency pair is inclined to rise, although the outlook will stay bullish even if the rate falls another 100 pips.