A downtrend resistance line that stretches from May 15 is still not allowing USD/JPY to aim for higher levels unimpeded. Therefore we are unlikely to observe notable rallies by the currency pair in the coming month. After the price goes below 79.10/78.98, the only support capable of reversing bearish trend would be encountered at 77.04…

Downtrend support line is about to be breached, but since it is reinforced by 1.2433, bearish breakout is unlikely to appear today. However, once 1.2433 is violated, EUR/USD should aim for lower levels. First, 1.2300, then 1.2105 and ultimately - 1.1662…

Analysts at RBS recommend going long on GBP/USD targeting at $1.5820/1.5929 and with a stop at $1.5606.

In their view, the downtrend of the cable has definitely slowed down. According to specialists, it’s too early to tell the trend has become bullish, because the signs of improvement are too modest. However, a close above $1.5674 (current level and a 5-day МА) would indicate a trend reversal…

Wall Street opened the trading week with sharp rising of 1%, as a continuation to the bullish correction that started last week. S&P 500 broke the important resistance at 1330 points and if the bullish reversal continues, the large blend index might jump above 1350 points. The investors are hoping to see positive economic data this week, although the consumer confidence was under estimations yesterday. The pending home sales data will be in the center today…