The EURUSD Consolidating
The EURUSD has entered a consolidation phase after a fall to the support near 1.2825, holding successfully bears` onslaught at the stage. In turn, growth attempts of the single currency are limited by the resistance at the level of 1.2866. A breakout through it will allow to test the resistance at 1.2928. The risks of developing an ascending correction amid oversold of the pair are kept. It is likely to occur after testing 1.2755.
The GBPUSD Is Unable to Continue Growing
The GBPUSD stuck also in a range without leaving attempts to return on a growth path. Yesterday, the pair was limited by the resistance around 1.6365, and in the Asian session, the pound was able to advance to 1.6390, but here it was sold and was able to decrease to 1.6345. Despite the positive for the pound results of the Scottish independence referendum, there were not those who wanted to buy the pound, so it was like an alarm for bulls. Nevertheless, the U.S. dollar shows signs of overbought that can lead to a correction of the GBPUSD above. To do this, the pair needs to overcome the resistance near 1.6390, and growth to the 65th figure can be expected. Loss of the 63rd figure will open a path to the 62nd figure.
The USDCHF May Decrease by 0.9300
The USDCHF continues to be sold on the growth above the 94th figure, so the pair has failed to rise beyond 0.9420. In turn, fluctuations of the USDCHF are limited by the support near 0.9378 from the bottom. Thus, the U.S. dollar needs to exit the formed range to develop a movement in one or another direction. Its overbought can lead to a breakout of the current support and a fall to 0.9308/00. A breakout of the support will open the path to 0.9220-0.9200. To overcome the resistance at the level of 0.9420/32 will allow bulls to test the 95th figure.
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The USDJPY Declining
All day yesterday, the USDJPY was trying to consolidate above the 109th figure. The level of 108.66 broken today supported the pair, and currently the pair has decreased to 108.40 . Inability of the dollar to consolidate above the 109th figure and to continue growth amid overbought triggered profit-taking, leading to its decline. Undoubtedly, it is not worth mentioning the completion of an uptrend. Nevertheless, bulls would test the support near 108.00 and 107.38 in the short term.
