EURUSD bounced back from highs, USDJPY is rising again in Forex

April 7, 2015

EURUSD Euro/dollar bounced back from highs.

In the European session, on the time when a lot of European markets were closed, the euro/dollar slowly approached to the resistance at 1.1035, where, in the US session was discarded to the support in the area of 1.0910. The inability of the euro to consolidate above 1.1000 lowers the chances of continuation of upward correction. However, while the pair is trading above the 1.0900-1.0854, those will remain.

GBPUSD Pound/dollar continue to sell on the growth.

Another attempt to storm by bulls on the pound/dollar psychological level of 1.5000 – has failed. On the growth to 1.4981, the pair have sold out and it fell to the support areaof 1.4870 . Thus, the risks of completion the consolidation phase by declining of the pound/dollar towards 1.4500 are remained. The growth and the ability to consolidate above 1.5000, will open the way towards the 52 th figure.

USDCHF Dollar /franc is trying to resume the growth.

US dollar in the pair with the Swiss franc, found support at the 95th figure, from which, was able to rise to the resistance in the 0.9555 area, to breakthrough it, and to test the level 0.9605. Kickbacks are now limited by the level of 0.9555, which again, acts as a support. The ability to consolidate above it, increases the risk of breakingthrough the 96th figure, and growth of the dollar in the direction of the 97thю. The loss 0.9555 will lead to a return to the current lows.


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USDJPY Dollar/yen is rising again

Since the beginning of the new trading week, the dollar/yen traded in a tight range, oscillating within the 119th figure. In the US session a pair was bought out, which led to its rise to rthe esistance at 119.68. The inability of bear to maintain control over the situation after weak employment report in the US, is a positive factor for the dollar, but to resume the growth, th dollar still needs to get up and consolidate above the 120-th figure. Until then, the downside risks will remain.

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