The Cable sharply appreciated in the last two trading sessions, as the price broke a 16-month high and topped at 1.6380.
The major currency pair demonstrates bullish sentiment on the first day of a new year and has already breached a 1.3224/40 level.
It seems that pair gained momentum after receiving a bullish impetus from the weekly PP.
Pair demonstrating above average volatility, but is remaining rather stable between weekly and monthly PP.
Pair has been rather volatile today– it has been trading in 50 pip range.
Pair is coming it to the new year with low volatility and low trading volume, which leads to rather neutral outlook on the pair in the short term.
USD/CHF pair remains for the third week in a very narrow channel with a lower boundary at 0.9120 and the upper one at 0.9161.
Since USD/JPY pair made a high at 86.63, which is the highest point since August, 2010, the price has depreciated reaching the 20-day SMA on a H4 graph.
Christmas and the New Year's brake reduced volatility of the major pairs, especially GBP/USD, since the price fluctuates for the second consecutive week around the 20-day SMA.
The major currency pair withstood a bulls' attack last week and today remains below the 1.3240 level.
Pair remains bound, but within tighter range—upper limit is still at 100 day SMA, whilst lower limit could be attributed to monthly PP at 0.8187.
Pair remains rather volatile, but as some of other currencies it decreased its range significantly signals about further appreciation with formation of bullish candle.
For a consecutive trading session pair varies in certain range, but different to all the other time it significantly increased upside and decreased downside signaling about propensity to step up a bit higher.
After a major gain pair lacked momentum to reach 115 JPY and crumbled after reaching 114.68.
The price is presently forming a falling wedge, meaning there is an increased chance of the pair surging, since it is a reversal pattern.
USD/JPY carries on advancing along the accelerated up-trend support line, effortlessly piercing through previous highs and other resistances.
GBP/USD appears to remain undecided after a failure to advance above 1.6140/54.
EUR/USD has largely ignored the major declining resistance line, meaning that bulls are highly unlikely to let go of it for now, pushing the price further towards 1.3485, this year's high.
After a 80 pip deviation yesterday, pair became somewhat less volatile and is moving in 50 pip range, but it seems to be continuing to form bearish candles as either 55-day or 100-day SMA is giving the pair a bearish impetus.
Pair is starting to give signs of being range bound between 100-day SMA at 0.994 ad weekly PP at 0.9907, although the latter could be simply extended to 0.990.
Pair is giving more and more reason to believe it is being range bound.
Pair started appreciating from the very start of the session and it seems it has gained momentum after receiving bullish impetus from 111.22 at Christmas eve.
USD/CHF gains more and more bearish momentum, as the price has reached the lower declining trend-line of the channel.
USD/JPY pair keeps a rapid appreciation pace, but this increase does not seem to be sustainable, as the price rises too quickly.