EURUSD Euro/dollar has slightly decreased
As we expected, yesterday’s market activity was at a low level. Euro/dollar slowly fell to 1.1283 of support area, and after its testing as slowly rolled back to the level of 1.1324. Long-term forecast for the euro remains negative, while testing of resistance in the area of 1.1400-1.1436 should not be excluded. A break through of the last level will lead to increase up to 1.1500.
GBPUSD Pound/dollar is trying to consolidate above 1.5400
The British pound began a new week with growth against the US dollar, but was sold again from resistance in the area of 1.5470, which led to its decline to support of 1.5377 . After its testing the pair managed to return above the 54th figure. As long as it’s trading below the 55-th figure downside risks will remain. Strong break through of this level lead to an increase in the direction of 1.5600.
USDCHF Dollar/franc is testing the support
The US dollar yesterday, is under pressure from the Swiss franc, on which background has been tested support at 0.9666. This level is successfully holding back the onslaught of the bears, but attempts to increase are also limited by the resistance in the area of 0.9718. A break through of support will lead to decrease of the pair to 0.9568-0.9500. To resume the upward trend, dollar needs to overcome 98th figure.
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USDJPY Dollar/yen drops on the comments of the Bank of Japan
Dollar/yen has decreased yesterday, retreating from the highs of last week. As a result of reducing, the pair tested the support at 119.85, after what there was a bounce up to the level of 120.65. Now, on the Kuroda’s comments, the pair resumed its decrease, by breaking yesterday’s support and testing the 119.55 mark. The inability to consolidate above the 120-th figure increases the risks of resumption of a downward correction, and reduction in the direction of the 118th figure. However, the growth of the yen on the comments of the Bank of Japan may be short-lived, and the return above the 120.00 will allow the bulls to test resistance at 121.00-121.32.
