While rallies are contained by resistances which lie at 1.5881 (200 day ma), 1.5927 and 1.6000, the Cable is expected to decline in weeks to come. The initial support should be encountered at 1.5670, followed by 1.5650/43.
The currency couple carries on advancing further. After it has overcome a resistance located at 108.75, EUR/JPY should focus on attaining 109.38/58 (55 week ma). Subsequent levels are situated at 110.26 and 111.57.
EUR/USD has been able to extend its rally from 1.3087 due to the absence of formidable resistances on its path. However, a level at 1.3322/50 is unlikely to give in, thus keeping long-term bearish bias intact.
USD/CHF declined today as investors were disappointed as the US unemployment claims rose more than expected (362K act./352K est.).
USD/JPY moved upwards today as Japan's current account suprlus shrunk more than expected (0.12T JPY act./0.33T JPY est.).
The British pound rebounded today as the Bank of England kept the present benchmark rate at 0.5% and continued quantitative easing program.
EUR/JPY commenced a bearish correction today on strengthening German industrial production and as economy watchers sentiment in Japan weakened (45.9 act./46.3 est.), causing the pair to hit the daily forecast mean at 106.44.
EUR/USD rallied today and traded above the 1.32 level as German monthly industrial production improved more than expected (1.6% act./1.1% est.).
The Greenback is likely to recommence strengthening against the Swiss Franc, as USD/CHF has already formed a base at 0.8931. Bullish targets lie at 0.9253 (55 day ma) and at 0.9317, while 0.9088 and 0.9075 underpin the pair from below.
A formidable level at 80.54 is unlikely to give away in the nearest future, as it is supported by 80.42, 80.00 and 79.55. Consequently, the outlook is from neutral to positive, allowing for the pair to attain 81.49 within the day.
Being that the Cable has breached an uptrend support, the dip is expected to extend down to 1.5650/43. Resistances are situated at 1.5886 (200 day ma) and 1.6000, they should contain intraday rallies.
Support at 105.85 has repelled off EUR/JPY, which is now advancing toward 108.00. In case the latter level is penetrated, the pair may reach 108.75 (55 week ma) next. Subsequent resistances are located at 109.38/58 and 110.26.
"As the [participation] number rises, the odds of something terrible happening diminishes. That will naturally be euro positive"- Faros Trading (based on WSJ)Industry outlookThe currency pair has bounced off a support at 1.3096 and is currently climbing higher. Nonetheless, this rally is likely to be short-lived, since most of the daily indicators are pointing to the downside - 1.2974/54 first,
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.