EUR/JPY
The
euro has been falling for the seventh consecutive day, while yesterday for a
short time it broke through the technically important
level of 118.00 and reached a minimum level for the last four and a half
months. Today
the pair reached this level again. If EUR/JPY brakes it, the pair will fall in
the middle of the range 115.00-116.00.
USD/JPY
The pair reached
the support level of 110.60-50. Over
the past eight trading days it has held down the downward dynamics. On the one
hand, it makes the support level stronger, but on the other - increases the
risks of large-scale movement if the pair brakes this level.
GBP/USD
The
pair is consolidating after a two-day down move and obviously is not ready to
move into the new range. Most
likely, the support zone 1.2400/20 will restrain the downward move in the GBP/USD
at least until investors have significant reasons for buying the dollar.
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