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.
Even though the general long-term outlook for USD/PY remains positive, at the moment the pair is making a downside correction, which may result in a dip to 80.11. Bullish bias will be restored once 83.40/45 is overcome.
The Cable is likely to continue falling down, given its recent failure at a key resistance located at 1.6067. The initial target for the pair is at 1.5759, while subsequent goal may lie at 1.5599 or even at 1.5412, provided that bearish momentum strengthens.
Being that the currency pair has dropped down to 108.03, it is now expected to reach 107.73 in the short run. Additional support is provided by 105.93/65, while resistances may be found at 109.51 and 109.95.
EUR/USD is currently facing a support at 1.3136. In case this level is breached, we might observe a dip to extend to 1.3004 or 1.2974/54. Rallies are to be contained by resistances situated at 1.3366, 1.3385 and 1.3417.
Yet another fruitless attempt to pierce through 111.57 implies EUR/JPY is likely to pull back to 107.83, where it should stabilise and regain strength. Supports are situated at 108.49, 107.83 and 105.65.
EUR/USD has sold off from a resistance at 1.3385 down to 1.3201 (55 day sma) and is now expected to extend its losses. The immediate support may be found at 1.3127, while subsequent levels are located at 1.3004 and 1.2974/54.
USD/CHF has recovered from 0.9000 and is currently close to 0.9140 (55 day sma). In case the pair manages to hold above 0.9066, it should then continue climbing higher. Additional resistances are at 0.9179 and 0.9263.
As long as supports at 81.55 and 81.09/00 remain intact, the outlook for the currency couple is positive with the possibility of attaining 83.31/40 in the near-term. Above the latter level we are likely to observe a rally up to 84.19 or even 85.53.
Inability of the currency pair to penetrate a tough resistance at 1.6067 resulted in a dip to 1.5881. Consequently, GBP/USD will now be aiming for 1.5849 (200 day sma) and then for 1.5796 (55 day sma).
Being that EUR/USD currently faces a string of formidable resistances, there is little chance for the currency couple to overcome 1.3375, 1.3428 and 1.3487. Therefore the focus is on supports located at 1.3251, 1.3186 and 1.3133.
USD/CHF has managed to stabilise above 0.9000 and is now expected to rebound. Provided that 0.9066 is breached, current bearish bias will be negated, while penetration of 0.9144 will open a way towards 0.9317/42.