EUR USD Euro/dollar rolled back from the last week lows
Despite the events of last week, which provoked a fairly strong decline of the euro/dollar, market activity yesterday was on a lower level, from what the bulls took advantage of a pair, trying to protect the psychological level of 1.1000. As a result, the pair slowly retreated to the 1.1068 of resistance area, which constrains their onslaught. At this point, it is only about the rollback, so the risks of re-testing of the 1.1000 remained. Strong break through of this support will open the way towards 1.0400.
GBP USD Pound/dollar may continue to decline
In the conditions of low market activity, the British pound against US dollar has tested resistance at 1.5377, to get back above of which he failed, that indicates the remaining risks of reduction and testing of support in the area of 1.5300-1.5277. However, it should be noted that today will be published GDP data for the UK which may affect the dynamics of the pair.
USD CHF Dollar/franc continued its growth
After finding support at the level of 0.9756, the US dollar continued its growth against the Swiss franc, and breaking through the resistance of 0.9800, tested the level of 0.9838. A rollback to the 98th figure continued to attract buying interest, which allows to assume the growth of the pair towards 1.0000.
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USD JPY Dollar/yen declines
Dollar/yen has completed last week with the growth to resistance in the area of 121.47, but with the beginning of the new trading week, was unable to continue to grow, and getting under pressure, has decreased to 120.47 of support. As we warned, continuation of growth is possible only in case of steady breaking of resistance 121.74-122.00, until then the downside risks will remain. Having consolidated above of 120-th figure the bulls kept the chances to break through the resistance of the above, the loss of this level will significantly weaken their positions.
