USD/CHF currency pair has weakened down to 0.9091, nonetheless, a key support at 0.9066 stays intact, which implies that the price should make another attempt to grow up to 0.9317/42, although it will have to overcome 0.9148/68 first.
Despite USD/JPY being currently in the vicinity of a tough resistance at 81.72/83, bullish bias should persist until the level gives in and paves the way for the pair to attain 83.31/39, which guards 84.19.
GBP/USD has managed to preserve its near-term bullish momentum and is presently well-placed to aim for 1.6167. The resistance is expected to contain the pair, which in turn will result in a dip down to 1.5984 or even 1.5865.
EUR/JPY has just reached a resistance located at 107.88/72 (55 day ma) and is likely to struggle here for some time. Afterwards, however, the currency couple should recommence surging and attain 108.62 en route to 111.43/57.
Even though EUR/USD has rallied above the 55 day ma, the price should halt near 1.3310/27 (downtrend resistance). Encounter with the latter level should provoke losses, which in turn are expected to extend down to 1.2974/54.
USD/CHF remains sidelined, but is still viewed as capable of challenging a resistance at 0.9317/42. A formidable support located at 0.9066/0.9000 should contain near-term dips of the price, thus preserving bullish outlook.
USD/JPY is soon to encounter a tough resistance at 81.93, breach of which would dispel doubts regarding the resumption of a long-term bullish move by the currency couple. Then the pair will aim for 83.31 and 84.19.
The Cable is attempting to close above 1.6062/67, which guards 1.609 and 1.6129. Nonetheless, the resistance is unlikely to give in for now and should be able to contain the pair. The interim support is at 1.5856/44 (55 and 200 day ma).
Penetration of a resistance at 107.10 confirms the ability of EUR/JPY to maintain the current course and climb even higher. The initial target lies at 107.88, while subsequent goals are at 108.62 and 111.43/57.
On the occasion that 1.3206 (55 day ma) remains untouched, the outlook for EUR/USD is negative. The closest support is at 1.2995/1.3004, followed by 1.2974/54 and 1.2854, which should be reached in the near future.
While USD/CHF is supported by a formidable level at 0.9066/0.9000, the pair is bullish and should penetrate 0.9180 in the near future. This would imply an extension of a rally up to 0.9317 with the possibility to reach 0.9595 afterwards.
Bearish correction is likely to be over at 80.29 and USD/JPY should now commence recovery. The initial resistance lies at 81.78, while 82.03, 83.31 and 84.19 will also attempt to hamper bullish advancement.
Even though the Cable bounced off 1.5848/40 (55 and 200 day ma) and is now headed towards 1.6062/67, there is little chance for the latter level to be breached. Additional support is provided by 1.5805 and 1.5780.
Breakout of 107.10 would confirm intentions of EUR/JPY to continue moving in the upwards direction and would set the following target at 108.62. Provided that 104.24/103.50 stays intact, we could observe a rally up to 111.43/57.
At the moment EUR/USD currency pair is contained by 1.3205 (55 day ma) from above and by 1.2995 form below. Given that long-term outlook remains negative, the focus is on the supports located at 1.2974/54 and 1.2945.
USD/CHF is anticipated to repeat its attempt to break through 0.9180 in the near future. Then it would aim for 0.9317/42, which lies en route to 0.9595. Supports may be found at 0.9125, 0.9085 and 0.9066.
The currency pair is now expected to start full blown recovery, as it has found a strong support at 80.82 and is headed towards 82.00/12. A close above 82.00/12 would confirm serious intentions of USD/JPY to surge further.
Despite a rebound from 1.5839 the rally is unlikely to last for long, being that above lies a tough level at 1.6000. Therefore the focus should not shift from 1.5839 (55 and 200 day ma). Additional support is provided by 1.5805 and 1.5780/73.
EUR/JPY has ended its bearish correction and is presently well-placed to challenge 107.10. Once the latter level is overcome as well, resistance at 108.62 will be targeted next. Dips should be limited by 106.30, 105.73 and 104.62.
Even though at the moment EUR/USD seems to be directionless after unsuccessful attempt to breach 1.3000, in the long term the pair is deemed bearish, given a formidable resistance overhead at 1.3206 (55 day ma).
A tough resistance at 1.3207 (55 day ma) should be able to contain near-term rallies, while the downside risk for EUR/USD continues to increase. The initial support lies at 1.2974/54, followed by 1.2624.
EUR/JPY closes in a support at 104.24/103.50, where the currency pair is expected to commence recovery. The first resistance to encounter is at 106.65/107.00, breach of which will allow for gains up to 108.62.
Given that recent rally was tepid, the focus should remain on a support at 1.5830. In case this level is penetrated, a dip may extend down to 1.5599 or even 1.5412. From above the pair is capped by resistances at 1.5905, 1.5984/92 and 1.6037.
USD/JPY is likely to carry on crawling lower. It is about to close below 80.51, leaving 80.11 unguarded. Additional support is located at 79.34. Resistances, on the other hand, are situated at 81.20, 81.78 and 82.22.