The EURUSD Can Drop to 1.3475
Having started the new trading week declining to 1.3507, the EURUSD was able to rise above the 1.3545 resistance throughout the day. This level serves as support again, limiting decline attempts. In connection with celebration of Martin Luther King Day the market activity was at a low level. A negative sentiment on the single currency is still kept, and in the foreseeable future, it may test support at 1.3475. A rise above 1.3600-1.3618 will weaken a bearish impulse.
The GBPUSD Experiences Resistance at 1.6452
The GBPUSD declining to 1.6395 was bought, then the pair rose to the resistance level around 1.6452. The overall picture is neutral, with the likelihood that an increase to 1.6500 will be preserved. For this purpose the pound should overcome current resistance, otherwise, it will resume falling and support near the 63rd figure will be at risk again. Data on the UK labor market, which will be published tomorrow, may substantially affect the dynamics of the pair.
The USDCHF Can Increase to 0.9200—0.9220
The USDCHF found support at the level of 0.9089. From it the pair returned above the resistance around the 91st figure. Thus, a positive sentiment towards the U.S. dollar remains, that implies its rise to 0.9200—0.9220. A breakout of the last level will confirm the base formation and the development of an uptrend. In turn, a fall below 0.9000 will weaken a bearish impulse.
The USDJPY Aims At the 105th Figure
The USDJPY is trading with a positive sentiment. Having found support around the 103.86 level, the dollar kept trying to rise above 104.25. In the Asian trading session it managed with it, as a result of this growth the level of 104.72 was experienced. The ability to consolidate above the 104th figure testifies about the preserved strength of the USDJPY bulls` and in the short run the 105th figure is likely to be tested again. Its breakout will put current highs at the level of 105.42 at risk. A fall below 104.00 will weaken a bearish impulse.
