EURUSD
Yesterday, it was a dull trading day. The EUR/USD was flatly trading near the 30th figure and only at the end of the day, it decided to move up to the level of 1.3053. Given the extremely low market’ activity, it is difficult to say whether this move would cause something serious, thus it makes sense not to pay attention to it and await developments. If the pair exceeds the level of 1.3053, the bulls may rely on testing the 31st figure. If the rate drops below 1.3000, the current low will be in danger of passing again.
GBPUSD
The GBP/USD dropped to 1.4866 yesterday, then recovered to 1.4933 and fell again. This time – to 1.4885. All this was happening in a downtrend. There is no hint of an upward correction observed at all. The next target for the bears will be the 48the figure. The pound still needs to increase and consolidate above 1.5050, the pressure on it has been weakened.
USDCHF
The USD/CHF left the 0.9551 high reached on Friday during the past day and dropped to the support near 0.9465. Nevertheless, since the pair is trading above 0.9465-0.9420, there still the uptrend in it, and the rate may well increase in the short term again – to 0.9551. The breakdown of this resistance would mean the upward dynamics to 0.9600-0.9634. The loss of the 94th figure will weaken the bullish momentum.
USDJPY
Yesterday’s trading was sluggish for the USD/JPY pair as well. However, this did not prevent the bulls come closer to the level of 96.70, having overcome the previous high of 96.56. But the bulls failed to stay above the latter level — the pair rolled back to 96.36. The upward trend in the USD/JPY remains. In fact, the global target of the bulls is the 100the figure, it is possible that the overbought state will not prevent them from reaching this target.
