Advancement of GBP/USD, which started at 55 day ma at 1.5827, is viewed as being limited by resistances located at 1.5935/65 and 1.6062. Additional support level, on the other hand, may be found at 1.5805/03.
The pair is presently making a bullish correction near 105.93/65 before another leg down to 103.50. The latter level is likely to provide sufficient support in order for EUR/JPY to commence recovering from there.
EUR/USD is currently recovering from 1.3034, however, the rally is expected to be tepid, given tough resistances at 1.3162 and 1.3207. Within the next few weeks the currency pair is deemed to be capable of breaching 1.2974/54 and falling lower.
USD/CHF disregarded the neutral sentiment and moved in line with persistent bearish trend, demolishing a cluster of supports at 0.9153/36. The pair presently is trading within the corridor formed by 0.9143 and 0.9137 but soon is likely to dip down to a support at 0.9128.
The USD/JPY pair breached the resistance at 80.84, bounced off and found support at 80.58. Afterwards the pair extended the rally and is now well-placed to break resistance at 81.10.
GBP/USD ignored neutral bias and followed solid bullish path during session. The Cable breached resistances at 1.5864 and 1.5919 and currently is challenging the confluence of resistances at 1.5928/37.
EUR/JPY pair experienced a mild growth during session and eroded resistance levels at 105.57 and 106.13. The pair is likely to test next resistance at 106.80.
Despite neutral sentiment, EUR/USD followed bullish trend during session, breaking resistances at 1.3090 and 1.3133. The pair currently is struggling at 1.3146/57 and may reverse its trend.
In the short run USD/CHF is anticipated to trade flat. At the moment it faces a tough resistance at 0.9229, encounter with which may trigger losses down to 0.9110/0.9066. Nonetheless, bullish momentum should be reignited shortly after that.
The currency couple is presently headed towards 80.11, where USD/JPY should consolidate and start recovering. In the meantime, resistances at 81.87/82.00 and 82.62 will contain the pair from above.
GBP/USD did not wander far away from 1.5822 (55 day ma) and is soon likely to commence falling and, as a result, challenge 1.5794. Below the latter level the Cable will be aiming for 1.5599 and 1.5412.
Being that support at 105.93/65 did not manage to withstand bearish pressure, EUR/JPY may fall as low as 103.50 within the next three weeks. Resistances, on the other hand, are situated at 106.79 and 107.62.
While rallies are unlikely to extend beyond 1.3162 and 1.3208 (55 day ma), EUR/USD currency pair is expected to trade lower. The initial support lies at 1.3032, followed by 1.3000/04 and 1.2974/54.
USD/CHF now faces a formidable resistance located at 0.9232, approach to which should trigger a sell off down to 0.9110/0.9066. Nonetheless, the currency couple is anticipated to consolidate ahead of 0.9000 and than challenge 0.9232.
USD/JPY is expected to step down to 81.08, which should not be able to provide sufficient support and allow for a deeper drop - down to 80.11. Rallies are to be contained by 82.72 and 83.31/39.
Bullish impetus of the Cable is currently waning, since it is approaching a key resistance at 1.6062. Therefore the pair should start aiming for supports in the nearest future - 1.5845, 1.5819 and 1.5805.
Considering that EUR/JPY is currently headed towards 105.93/65, where tough supports will be met, we are likely to see the currency pair recovering from there. However, extension of a present dip down to 103.50 may not be ruled out just yet.
As long as resistances at 1.3162, 1.3208 and 1.3352 remain intact, EUR/USD will be deemed as bearish. The immediate support may be found at 1.3000/04, while subsequent levels are at 1.2974/54 and 1.2945.
The currency pair is facing a formidable resistance at 0.9234, thus we are likely to observe a temporary bearish correction down to 0.9167/47 or even 0.9075, before the bullish momentum is reignited.
USD/JPY is presently forming a symmetrical triangle on an hourly chart. The price is struggling at a resistance at 82.28, which guards 82.49/52 and 82.69/78. In case the pair tumbles, the dip should be limited by levels at 82.03 and 81.87.
GBP/USD has managed to rebound from an uptrend at 1.5803 and is now aiming for 1.5888 and a confluence of resistances at 1.5926/49, which is unlikely to be penetrated at the very first attempt, given mixed signals of most of the indicators.
For now EUR/JPY is unlikely to exit down trending channel. Rallies should be halted by 107.55/91, 108.22 and 109.05, leaving almost no room for recovery. The focus therefore is on supports, which may be found at 106.71 and 106.36/04.
After encountering an accelerated downtrend at 1.3037, EUR/USD has been trading flat. The immediate resistance is situated at 1.3087, followed by 1.3120/93 and 1.3216. Supports, on the other hand, may be found at 1.3010, 1.2990/57 and 1.2880.
While supports at 0.9140, 0.9114 and 0.9066 prevent the currency couple from losing ground, USD/CHF is likely to carry on recovering. On the way towards 0.9595 it should encounter 0.9179, 0.9249 and 0.9263.