It seems that pair received enough of an impetus form 55 and 100-day SMAs, which it touched few days ago, to gain significant momentum.
Pair dipped by more than 50 pips today, but found support wit 20-day SMA and at the moment is hovering slightly below it.
Pair picked up pace and has peaked above 1.03 today.
A bit unexpectedly yesterday pair found support at the weekly and monthly pivots around 128.5 and has been fluctuating between 129 and 130 JPY today.
Despite the fact that the Bank of Japan announced a significant enhancement of the monetary easing programme recently, the pair struggles to overcome a 100 benchmark.
USD/CHF continued an upside movement yesterday, as the price stepped towards the monthly PP at 0.9473 and even executed an upside spike, touching the Bollinger band at 0.9485.
The Sterling appreciates further, as the market has expectations that the U.K. will reach a positive GDP growth in the first quarter and avoid additional monetary easing measures.
Even though negative economic data raised concerns of investors, the single European currency remains among the most preferable.
Pair dipped to 0.835 where 55 and 100-day SMAs have sent it almost 100 pips up as at the moment it is testing 0.845.
Lately it seems that greenback loonie cross has lost any drivers behind its movements as today it has been moving in even narrower range than yesterday, which does not exceed 20 pips.
After consecutive quite volatile, but overall bearish sessions, pair seems to be calming down as we are observing marginal gains.
Monthly 2 at 128.44 passed the test yesterday and sent the pair back above 129 JPY.
After negative data on Chinese manufacturing industry and investors' speculation on Europe's key interest rate cut, the major currency pair dropped from the 200-day SMA at 1.3055 to the weekly S1 level at 1.2972. EUR/USD easily overcame the 20-day and the 55-day SMAs.
USD/CHF accomplished a huge surge yesterday, as the pair firmly stepped from the 20-day SMA and overcame the weekly R1 at 0.9382 and the 55-day SMA at 0.9399, peaking at 0.9458.
Yesterday the pair found a strong support to bounce higher and prepare another attempt to breach a 100 benchmark.
The British Pound lost its value together with other risky currencies yesterday, as weak macro economic data increased uncertainty in the market.
NZD/USD pair is in the middle of the lower part of Bollinger band, as the pair unsuccessfully attempted to breach the 20-day SMA last week.
USD/CAD, also known as the loonie, is traded flat in recent two weeks, as the pair sharply exceeded the Bollinger band that time and stuck at 1.0260.
The Aussie is under bearish pressure since 10th of April, since the price decreased from the monthly R1 at 1.0567 and almost reached the monthly and weekly S1 at 1.0187.
EUR/JPY slipped lower noticeably in a second straight trading session, as the pair dropped from the monthly R3 at 130.87 after the second attempt to breach the level.
USD/CHF pair breaches the 20-day SMA at 0.9344 today, as the price is on an upside trend since the beginning of the last week.
Last week's upside trend was suspended at 99.87, very close to a previous high at 99.96, as the pair turned under bearish pressure.
Recent depreciation of the Cable was stopped by the major support line at 1.5233, where the price spent four days checking the strength of the level.
The major pair remains in a zone between the 200-day SMA at 1.3054 and the monthly R1 level at 1.3043.