AUD/USD failed to resist the bearish sentiments and the price dropped sharply.
NZD/USD depreciates together with other Oceania region currencies. The kiwi was unable to breach the weekly R2 level at 0.8429 and the major resistance at 0.8417 in recent trading sessions.
Even though the price is beneath the 55-day SMA, it does not demonstrate any strengthening bearish sentiments, as the price is bounded by the weekly S1 level at a 1.0133 level.
After the news from the Bank of Japan, the Japanese Yen dropped significantly against the major counterparts.
USD/CHF slipped beneath the 20-day SMA at 0.9467 yesterday, indicating about short-time bearish sentiments.
After a dip to an interception point of the weekly S2 and the Bollinger band at 92.91 yesterday, the pair recovered bullish impetus and soared sharply today.
In the few recent days, the British Pound was under bearish pressure and tested the 20-day SMA at 1.5142.
The major currency pair demonstrated a fragile bullish impetus in recent week, but the price quickly found the resistance at 1.2850, which has kept the pair at the same level for four days in a row.
NZD/USD demonstrates a significant bullish impetus, as the price appreciates for a fourth straight trading session.
Yesterday the price slipped beneath the 55-day SMA at 1.0160 and settled in the lower part.
EUR/JPY is under a bearish pressure for a second week, as the price depreciates from the interception level of 20-day and 55-day SMAs at 123.12.
The Aussie sets the third big gain this week, as the price appreciates towards the Bollinger band at 1.0509.
Yesterday's 100-pip dip, a move a little short of reaching 92.23/09, is currently being pared.
Recent bearish price action has been threatening wholeness of the bullish trend-line, but the fears did not materialise.
Weekly technical indicators seem to have given a correct forecast, as the Sterling is being heavily sold off from 1.5233, the lowest price level in 2012 and at the same time a formidable resistance line that has been denying attempts of GBP/USD to recover for more than a month.
As soon as the pair approached the falling resistance line, it came under strong selling pressure that drove the price away, proving that it is not yet ready for a change of the current downward course.
Pair received a major bullish impetus from 0.840 and appreciated 50 pips already and was stopped only by Bollinger band at 0.845.
Although further depreciation of the pair did not come as a surprise, but a 30 peep dip was a bit unexpected.
After almost a week long erosion pair received a bullish impetus from technical levels around 1.04, but for the time being failed to breach weekly R1 and is trading slightly below it at 1.045.
Pair attempted to prolong its losses, but did not manage to do so after receiving support from the cluster of technicals levels at around 119.
Correction in USD/JPY drags on and has already resulted in the 55-day SMA being eroded.
The currency pair has again cut into a strong resistance, refusing to gain bearish momentum following a collision with a support level at 1.4829.
After bouncing off the 200-day SMA and falling as low as 1.2750, the currency pair has returned back to the declining resistance line that has been safeguarding the down-trend since February, when the price reached a mark of 1.3710.
Regardless of the pair's failure to advance yesterday, the outlook on USD/CHF stays positive. In case of a dip the initial support should be found at 0.9478/67.