The pair still holds above the 82.18 support level and the bullish momentum will remain as fast as this level holds. If the market maintains the bullish momentum, the 83.56 and 84.10 will become the next targets in the short-term.
EUR/JPY is holding bullish impetus while recovering from the 20-day average at 108.97. However, the pair could still face a fierce resistance at the 111.57 level once it is there, and if it fails to break through, the 2-month low at 106.44 will be the next target as the bearish momentum will loom.
The pair is attempting to advance further and it is likely to test the 7-month high at 1.3457. There is a good chance that EUR/USD will fail to go further and in the middle-term will retrace to 1.3291 and further to 1.3237.
The pair held above the 82 key level and is attempting to retain the bullish momentum. If the market maintains the bullish momentum, the 83.56 and 84.10 could become the next targets in the short-term.
EUR/JPY rallied above the 110 level and eased the risks of bearish reversal. However, the market could face a fierce resistance at the 111.57, and if it holds, it might move downwards to the 2-month low at 106.44.
USD/CHF pierced the 0.9066 level yesterday and although the pair is expected to recover further to 0.9186 (20-day ma), failure to do so would lead to the 0.9015 (4-month support level) and 0.8931 (February low).
GBP/USD committed a strong bullish reversal yesterday and the pair is likely to retest the recent high at 1.5992. However, if the pair stays below 1.5825, it might hit the 1.5643 and 1.5599 support lines in the near-term.
Even though the pair is trading slightly above the 1.3291/1.3325 area, it is expected to move southwards in the nearest future as the EU debt risks have not been swept away completely. The initial support is at 1.3291 followed by 1.3192 (55 day sma) and 1.3133.
USD/CHF has encountered 0.9066 while going lower and now the pair is expected to commence to recover. The immediate resistance is at 0.9179, while further levels are likely to be found at 0.9196/0.9200 and 0.9300.
Support at 82.25 did not manage to underpin the pair, which is now trying to form a base near 81.87/67. In case the latter level is breached, USD/JPY is likely to decline to 81.09 or even 80.13. Rallies are contained by 83.02 and 83.40 for now.
Resistance at 1.5927 is deemed to be impenetrable for the Cable, as it is being reinforced by an additional level situated at 1.5992. The interim support is likely to be found at 1.5760/545, while subsequent levels are at 1.5643 and 1.5599.
EUR/JPY is currently in a phase of a bearish correction, which may last until 105.65 is reached. However, supports located at 108.68 and 106.26 will attempt to prevent the pair from plummeting to such a low level.
Even though EUR/USD continues to hover just below 1.3291/1.3325, it is expected to move southwards in the nearest future. The initial support is at 1.3140, followed by 1.3130 (55 day sma) and 1.3004.
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.