EUR/USD is again challenging the important technical level at 1.59/1.5950. It is at the conjunction of various resistance lines and must be overcome with decision for higher levels. A swing above 1.6060 would lift the Euro to 1.63, 1.65. A bearish correction would instead take form, if the Euro fails to move to higher prices. In that case, the Euro could decline to 1.56, 1.54.
GBP/USD is dancing at the important support at 1.97. A decline below 1.9570 could quickly target 1.9530/1.95. A breakout failure could instead lift the price to 1.99, eventually 2.01.
USD/JPY is reaching the important support at 100.40/100.00. A breakout could target 99.00, eventually 97.50. The market could again rebound to 103.00, if it fails to decline to lower levels.
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