The pair credited its bearish sentiment, bouncing off the pivot of 0.91 and targeting the interim floor of 0.9090/59. USD/CHF caught momentum after jumping from this support level, started to appreciate but lost the spree and declined. Currently the pair broke 0.9085 support level and is anticipated to test support located at 0.9084.
After testing a resistance at 82.76, the pair started to tumble at an accelerated pace. At the moment, USD/JPY is struggling at support of 82.19. In case the pair manages to break this level it is likely to fall until support of 82.07 impedes its downswing.
After trading within a corridor of 1.5823/11, GBP/USD rallied and encountered a resistance at 1.5856. The pair bounced off the latter level and currently is consolidating in a narrow range between 1.5855 and 1.5821. It is expected to infract subsequent support at 1.5812.
Daily maximum: 109.82Daily minimum: 108.93|Despite neutral bias, the pair climbed sharply up to resistance of 109.69/79 and then retreated back to a support at 109.30, breached it and eroded further to 108.58. EUR/JPY may thus soon challenge next support at 108.14.Daily Resistance: 111.28; 110.13; 109.30/45.Daily Support: 109.04; 108.62/70; 107.32.Daily Bias: Neutral.
After struggling at 1.3241/09, the pair climbed, matching bullish sentiment, and disrupted a confluence of resistances at 1.3261/93. However, EUR/USD has just broken its upward trend and is testing support at 1.3224.
The pair is currently moving away from 0.9066 and will soon encounter 0.9206 (20 day sma). Overcoming the latter level would increase the possibility of extension of the rally up to 0.9342 and 0.9595.
Key support at 82.38/23 should withstand present bearish pressure in order for the pair to be able to recommence its advancement after correction is over. The initial resistance is situated at 83.02, followed by 83.98 and 84.51.
GBP/USD has low chances of eroding 1.5927/92 and thus will be headed towards 1.5760/45, which guards lower levels at 1.5643 and 1.5599. In the long-run (within three months from now) the pair is targeting 1.5235.
Even though support at 108.71 managed to halt EUR/JPY from nose-diving further, it is likely to be breached in the nearest future. This would allow for the pair to dip to 106.08 (uptrend supports).
The outlook for EUR/USD is deemed to be bearish due to a formidable resistance located at 1.3487. Recently the pair has bounced off 1.3291/1.3325 and is now expected to pierce through 1.3112 (55 day sma) while being on the way towards 1.3004.
In the morning fluctuation of the pair was bounded by 0.9122 from above and by 0.9099 form below. Nonetheless, later in the day USD/CHF appeared to be capable of breaching a resistance at 0.9154, even though it was unable to maintain bullish momentum and then retreated to a support at 0.9165/0.9151.
The pair eroded a support at 83.27 (200 hour SMA) and tumbled to a subsequent level - 82.85, which was unable to halt bearish momentum for long. After overcoming the latter level, USD/JPY fell further and is likely to extend its current dip to 82.50.
The pair tested 110.42/09 at the beginning of the day, but breached a support at 110.10 and followed expected bearish path, violating supports at 109.42 and 108.87. EUR/JPY is expected to prolong its downward trend, but at a slower pace.
After breaking the resistance level at 1.3227, the pair retreated and sharply plunged. Despite predicted bullish tendency, EUR/USD broke a support at 1.3169 and may reach next support level at 1.3121, though the pair currently is struggling at 1.32150/31.
Regardless of bullish bias suggested by majority of indicators, GBP/USD has managed to pierce through supports at 1.5870 and 1.5818. However, the pair bounced off at 1.5769 and is currently trading within a narrow range - between 1.5802 and 1.5783.
Being that a tough support at 0.9066 was not breached, the pair is well-placed for gains up to 0.9206/11, penetration of which will pave a way towards 0.9317. Further levels may be found at 0.9342 and 0.9595.
As long as a key support at 83.38/82.38 manages to underpin the currency pair, USD/JPY will remain bullish and should aim for 85.53 in the long-term. However, if 82.38 is violated, additional supports at 81.87 and 80.58 might be able to contain further dips.
After stalling ahead of 1.5927 the Cable is now expected to commence moving towards supports. The initial goal lies at 1.5760/45, whereas subsequent levels should be encountered at 1.5643/1.5599.
Upside impetus of the pair has vanished, implying EUR/JPY is likely to start falling down from 111.57. The price is now expected to reach 108.45 while being en route to a longer term target located at 105.89.
EUR/USD presently does not seem to possess enough bullish momentum to be capable of breaching a key resistance zone 1.3291/1.3325. In case the currency pair dips below 1.3140, there will be an increased possibility of a drop down to 1.3112 (55 day ma).
Despite the majority of the indicators poiting to the downside, USD/CHF currency pair has managed to rally and has already breached a resistance at 0.9118/21.
After surging up to a resistance at 84.11, the pair has bounced off it and is now headed towards support at 83.60, where USD/JPY is expected to commence recovering until 84.56 is reached.
GBP/USD broke the resistance at 1.5896 in the morning but retreated afterwards and fell rapidly, breaching a support level at 1.5831. The pair currently is struggling at a confluence of supports at 1.5850/42.
After finding resistance at 111.32 the pair bounced off and sharply fell, broke the support at 111.17 and extended dip breaching a next support at 110.62. EUR/JPY may decline further until next support at 110.41.