EURUSD bulls did show their strength by breaking significant resistance barrier at 1.4444 price level. Above this level, bulls are looking forward to extend their current movement. However, neutral situation is still active for this pair, no trend is established yet.
EURGBP Technical analysis
EURGBP movements are locked between support at 0.8939 and resistance at 0.9017 barriers. At the moment further bouncing is expected, while these levels are active - waiting action is better option for now. Stronger movements can begin just after a breakout of one of the barriers.
GBPUSD Technical analysis
GBPUSD, even though sharp bulls movement occured, long positions are risky to look into for now. The current long term trend remains negative. However, above 1.6230 price level bulls can get more confident and major trend reversal is possible. At the moment, bears side is not surrending yet.
USDJPY Technical analysis
USDJPY, even though currency pair has jumped out from the positive movement channel. Lack of confidence for bears didn't drag downside the price. At the moment, bulls stand in better position, positive trend holds.
