The EURUSD Tested the 25th Figure Again
There were no significant changes in the overall picture for the EURUSD yesterday. The pair found the support around 1.2419 and rose to the resistance around the 25th figure. After its testing it declined to the support around 1.2462. If the euro manages to hold above this level, the 25th figure will be tested again, and its breakout will open the way to the 26th figure. The loss of the support will lead to the decline to 1.2420-12400. The longer the pair is traded above this support, the greater is the possibility of the base formation.
The GBPUSD Tested 1.5766
Bulls are not leaving the attempts to take the initiative regarding GBPUSD from bears. Having taken the pair away from the support around the 56th figure, they overcame the resistance of 1.5666 and 1.5713, and raised it to the resistance around 1.5766. The drops to 1.5713 are continuing to attract the interest for buying that keeps the chances for another testing and the breakout of the resistance around 1.5766. In case of its passage bulls will be able to test 1.5800/26. The loss of the support around 1.5713 will lead to the decline to 1.5666.
The USDCHF Tested 0.9614
The US dollar declined against a number of its competitors yesterday, including the Swiss franc. As a result of the decline the support around 0.9614 was tested. It successfully kept the bears pressure, and the demand, which appeared here, returned the pair to the level of 0.9657. As long as it is traded below 0.9666, the risks of another testing and breakout of the support around the 96th figure will be kept. The returning above 0.9666 will signal about the resumption of the uptrend.
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The USDJPY Decline Was Not Long
The USDJPY showed a negative trend yesterday that was provoked by a decrease in the credit rating of Japan. During the day, the pair fell to the support around117.86, but the demand on dips is kept and it is approaching the 119th figure again. It seems that bulls still rely on testing the psychological level of 120.00, for which they will have to overcome the resistance around 119.00. The inability to overcome it may provoke profit-taking and the development of a downward correction.
