Daily Market Analysis

GBP/USD continued its recovery yesterday. The pair rose to the 50-week MA at 1.3150. It’s quite natural to assume that this line will act as resistance.

The 55 Moving Average is acting as resistance. In this case, the pair is likely going to reach the next resistance...

We've got a 'V-Bottom', so the market is likely going to reach the previously tested resistance at 0.7205...

USD/ZAR met resistance at the line connecting September and October highs and turned down.

There's a bearish 'Engulfing', which has been confirmed. Also, the pair fixated below the 'Window', so we should watch the...

If the market breaks the low of the last 'V-Bottom' (1.3011), there'll be a moment to have a downward correction...

GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.

USD/CHF is indecisive between 1.0025 and 0.9985, where it consolidated for 2 days.

Let’s face it: the famous safe-haven Japanese yen is the most undervalued major currency right now.  Let’s find out the reasons behind this performance of the Japanese currency.

It's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level...

We should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level happens afterwards...

Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.