USDJPY

USDJPY currency pair trend

The short-term trend of the US dollar against the Japanese yen is neutral. The USDJPY pair is in the downtrend channel starting from 111.71. Hence, we can expect a deep downward movement from the market. If USDJPY falls below 103.31, it could prepare for a reversal to the 102.58 price floor. However, from the buyers' point of view, the break of 104.39 and the downtrend channel will mark the end of the downtrend starting from 111.71 and can push the USDJPY to the resistance of 105.67.

EURUSD

EURUSD pair trend

 

The short-term trend of the Euro against the US Dollar is up to a slight resistance of $ 1,2222. The break of this resistance could push the EURUSD pair to the high of $ 1,2348. However, from the traders' point of view, if EURUSD falls below the support of $ 1,2052, it could indicate the entry of the currency pair into the correction phase starting from the rate of $ 1,2348. In this case, the short-term trend of EURUSD will fall to $ 1.1887 at the correction of 61.8% Fibonacci.

GBPUSD

GBPUSD currency pair trend

The short-term trend of the British pound against the US dollar is neutral. However, as long as the $ 1,3518 support remains in place, we can expect another uptrend. A break of $ 1,3745 could boost the GBPUSD short-term trend and extend the uptrend from $ 1,1409 to the 61.8% Fibonacci retracement at $ 1,3956. From the sellers' point of view, if the GBPUSD currency pair falls below $ 1.3518, it will indicate the formation of a short-term price peak. A downward divergence is seen in the four-hour MACD indicator. If this divergence works, the short-term market trend will decline.