The Japanese yen weakened versus the American dollar today on solid non-farm employment change in the US (243K act./150K est.), crossing the 76.18 target.
The British pound contied moving in the bullish trend on strong Services PMI (56.0 act./53.5 est.) and pierced the daily target (1.5815).
The shared European currency edged over the Japanese yen as the Italian preliminary monthly CPI rose in January (0.3% act./0.2% est.), the market participants' mean was pierced today (100.11).
At the moment EUR/JPY is capped by a resistance zone at 102.55/60 and is unlikely to breach this level in the short-term. The initial support is at 101.00/100.75, followed by lines at 98.90 and 97.04.
EUR/USD commenced a short-term correction on a surprise decline of the US unemployment (8.3% act./8.5% est.) and cross the daily forecast mean at 1.3142.
The American Dollar - Swiss Franc currency pair is anticipated to remain stable near a tough support situated at 0.9080. Should USD/CHF pierce though 0.9244 in the medium term, it may then climb as high as 0.9340 or even 0.9595 as a result.
Support line at 76.00 has managed to withstand bearish pressure up until now. Nonetheless, a possibility of a dip down to 75.30 or 75.00 cannot be ruled out. Resistances are at 76.55 and 77.20.
The Cable is gaining bullish impetus and may carry on advancing toward 1.5950 (200 day ma). In case this resistance is breached, we may observe a rally up to 1.6170. Supports are at 1.5730 and at 1.5640.
Recent failure to overcome 102.55 signifies weakness of the pair which is likely to continue sliding down. The initial support is at 98.90, while subsequent levels will be encountered at 98.80 and 97.04.
Upward correction is expected to end in the nearest future, since the pair is approaching an impenetrable for now resistance located at 1.3250. This in turn implies a sell off down to 1.3000 en route to a lower level at 1.2930.
The pair slightly rebounded today as the US unemployment claims declined (367K act./373K est.), hitting the daily forecast mean at 0.9166.
The Japanese Yen appreciated against the American dollar on rumors the Japanese government will intervene, crossing the 76.20 target.
The British pound commenced a correction today and broke through the daily forecast mean (1.5813) on poor UK construction PMI (51.4 act./52.8 est.).
EUR/JPY moved downwards today on more-than-expected Japan's annual monetary base change (15.0% act./14.6% est.), causing the market participants' forecast (100.13) to breach.
The shared European currency traded flat today as the market is awaiting the Greek debt deal resolution; the daily forecast mean (1.3140) has been pierced.
In the short-term USD/CHF is likely to move sideways, supported by 0.9080/65. To reignite bullish impetus, however, the pair is needed to climb above 0.9245/50, then it might advance to 0.9340 and higher.
En route to 1.6170/90 (200 week ma) the Cable is going to encounter an initial resistance at 1.5890 and a subsequent level at 1.5960 (200 day ma). Supports at 1.5640/35 and 1.5570 should prevent GBP/USD from extensive dips.
A tough resistance area at 102.55/60 is unlikely to let EUR/JPY rally in the nearest future, pushing the pair down toward 99.00/98.90. A close below the latter level may prompt additional weakness which may last until 95.00 is reached.
Despite pair's recent determined advancement, EUR/USD is expected to remain capped be a key resistance line located at 1.3245/50. In case this level is penetrated, 1.3436 and 1.3627 may become the next preys.
The pair attempted to rebound though it pierced the 0.9189 daily target after the release of ISM manufacturing PMI figure (54.1 act./54.6 est.).
The American dollar traded below the 77.00 mark against the Japanese yen as the pair as weak ADP non-farm employment change (170K act./189K est.) disappointed investors.
GBP/USD continued yesterday's rally on more-than-forecast Manufacturing PMI (52.1 act./50.1 est.), breaching the daily market participants' mean (1.5754).
The pair rebounded today despite the fact the annual average cash earnings were released higher than expected (-0.2% act./-0.3% est.), causing the pair to pierce the daily forecast mean (99.97).
The single European currency advanced today versus the American dollar, piercing the daily forecast (1.3103) as the gap between the German / peripheral Eurozone countries bond yields narrowed.