The pair pierced the daily forecast mean (0.9171) as ADP non-farm payrolls rose more than expected (216K act./204K est.).
Japan's yen appreciated today on rumors the Bank of Japan is going to intervene to support local exporters, leaving the 80.98 intact today.
The Cable traded under a bearish momentum as the pair retail sales rose for the second month in a row in UK.
The pair continued moving downwards today after touching the daily forecast mean (106.39) as uncertainty over the Greek debt swap persists.
The single European currency slumped further today versus the US dollar as German monthly factory orders fell more than expected (-2.7% act./0.6% est.).
The US Dollar is expected to continue appreciating relative to the Swiss Franc. The initial target lies at 0.9257 (55 day ma), while subsequent goals are located at 0.9317 and 0.9595. Losses of the pair should be contained by supports at 0.9088 and 0.9075/23.
Even though USD/JPY was unable to consolidate above 81.49/63, the long-term bias remains bullish for the pair. Once this level is overcome, we might observe a rally up to 82.23. Supports are at 80.42/50 and 80.00/79.95.
Being that a previous support line located at 1.5765 did not manage to withstand bearish pressure, 1.5650/43 has now come into play. Resistances may be found at 1.5886 (200 day ma) and 1.6000.
EUR/JPY has plunged down to 105.58, from which the pair may rebound, though the rally should by tepid. Below 105.58 the currency couple is likely to target 103.86, while a key level is situated at 102.21/101.79.
EUR/USD is gaining bearish momentum. After penetrating 1.3096 the currency pair is expected to dip down to 1.2974/54 with the possibility to extend the move to 1.2624. Rallies are to be capped by resistances at 1.3242/50 and 1.3322.
USD/CHF resumed its recovery today as investors perceive stabiliziation of Europe's macroeconomic conditions.
The Japanese yen continued appreciating today versus the American dollar, piercing the daily forecast mean (81.52) on improved average cash earnings in Japan.
The British pound-Dollar hit the market participants' daily target (1.5847) on less-than-expected monthly Halifax HPI data (-0.5% act./0.3% est.).
The Japan's yen strengthened today against the shared European currency as annual average cash earnings in Japan exceeded analysts' estimates (0.0% act./-0.3% est.).
The euro slightly advanced today versus the greenback as Greece moved one step closer to receive the second bailout.
Bullish momentum USD/CHF did not weaken, increasing the likelihood of additional gains for the currency couple in the nearest future. The first target is 0.9259 (55 day ma), while the subsequent levels are at 0.9304 and 0.9340.
USD/JPY is currently struggling at 81.49/63, though it is unlikely to drop lower as long as a support at 80.57/22 is not violated. In the long run we are likely to observe further rally of the currency pair up to 83.80.
After bouncing off a formidable resistance line at 1.6000 the Cable is now headed southwards. The initial target lies at 1.5765, followed by 1.5650/43. The long-term outlook is thus negative.
For now EUR/JPY gravitates to 106.85 (200 day ma) and is expected to trade flat. Additional support levels are situated at 106.02 and 105.72 and should contain possible dips. Resistances may by found at 108.75 and 109.38/58.
Even though an uptrend support at 1.3168 has managed to underpin the pair, rallies are unlikely to extend above 1.3322. Bearish outlook persists, pushing EUR/USD down to 1.2974/54 en route to 1.2624.
USD/CHF moderately moved upwards today on more-than expected US PMI data, crossing the daily target at 0.9110.
The Japanese yen depreciated versus the US dollar, piercing the daily forecast mean (81.63) on strong ISM non-manufacturing PMI (57.3 act./56.1 est.).
The Cable commited a decline after touching the market participants' daily target (1.5861) today as UK servicess PMI declined more than forecast (53.8 act./55.0 est.).
The single European currency reversed today versus the American dollar and broke through the daily forecast mean (1.3226) as monthly retail sales in Europe improved (0.3% act./0.0% est.).