The EURUSD Freezes In A Narrow Range
After falling to 1.3745 the EURUSD showed calm once again. Yesterday, it fluctuated between the levels of 1.3749 and 1.3774. Thus, yesterday did not give anything new for the EURUSD, and the situation remains unchanged. In the short term, testing the support around 1.3720 is possible from which a rebound can occur that can be used for opening short positions. A breakout through the level will lead to testing 1.3672, the next support is around 1.3643-1.3618.
The GBPUSD Is Unable To Return Above 1.6900
The GBPUSD with the beginning of a new trading session showed the positive dynamics, tested 1.6903, but failed to consolidate above the 69th figure. After appearing under pressure the GBPUSD decreased to 1.6862. The risks of resuming a decline and testing 1.6832-1.6820 are kept. A breakout of the letter level will lead to a fall to 1.6763, the next support is around 1.6700-1.6660. A rise above 1.6920 will put the current highs at the 1.6996 level at risk.
The USDCHF Marking the Time
There were not also observed any movements in the USDCHF yesterday. Its fluctuations were limited by the levels of 0.8858 and 0.8880. Here a descending resistance line traverses that manages successfully with its task. Until it is not overcome, the risks of resuming a decline are kept. In this case the USDCHF can test the 88th figure in the short run. A steady breakout through the resistance will strengthen an ascending impulse and lead to testing 0.8952.
The USDJPY Can Rise To 102.78
The USDJPY bears failed to consolidate below 101.60, so bulls took the initiative and rose the USDJPY to 102.32. Now the pair looks able to test the resistance around 102.78 -103.00. A breakout though the latter level can signal about completion of a descending correction and a resumption of an ascending trend. However, until the resistance is broken, the risks of a decline will be preserved.
