EURUSD Euro/dollar froze in a tight range
Yesterday changes in the euro/dollar pair did not happen. It traded in a very narrow range between levels of 1.0996 and 1.0943. While the pair is trading below the resistance in the area of 1.1000-1.1052 downside risks will remain. Growth above the last level will signal on the resumption of upward correction.
GBPUSD Pound/dollar traded in the range of 1.5600
The British pound yesterday came under pressure from the US dollar, against which the pair fell to the 1.5565 support area. Bounces up are limited by the resistance in the area of 1.5624. In general, the pair is in a consolidation phase, trading within 56 th figure. To continue an upward correction it needs to break through the resistance at 1.5690-1.5700. The loss of support in the area of 1.5545 will allow the bears to test the 55th figure.
USDCHF Dollar/franc unable to overcome 0.9700
Activity in the dollar/franc, as in other pairs, yesterday was low. Currency pair hesitantly rises, reaching the resistance in the area of the 97th figure, from which today the dollar fell back to the level of 0.9673. Obviously, to continue the upward trend it needs to get up and consolidate above the 0.9700-0.9719. Loss of support in the area of 0.9666 will lead to the reduction in the direction of 0.9600-0.9568.
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USDJPY Dollar/yen risks to correct below
Yesterday, the US dollar traded in a range and in tandem with the Japanese yen. The pair at first, was rising gradually, testing the resistance at 124.27 and then fell to the support in the area of 123.85. The inability to get up and consolidate above 124.50 threatens the development of a downward correction, where the immediate goal of the bears may become the 123rd figure. However, on the trend reversal is too early to talk about.
