According to our forecast, USVJPY pair continues to trade in narrow range of 99.90-100.78. In the morning of European session USDJPY is trading at the balance median level of this range. We believe that before the end of the week the pair will continue to consolidate within the boundaries of the specified channel. Meanwhile, the level of 100.78 became an significant resistance.
Yesterday, the pair failed to settle above the level of 0.7676- as players used this level for new sales. Technically the picture is composed in favor of further decline. The first significant support level is at 0.7496- 0.7500 area.
New Zealand Dollar:
During the Asian session the pair NZD / USD decreased slightly. The pair has not yet been able to steadily gain a foothold above 0.7300-0.7312. Bullish momentum are still intact but - NZDUSD now consolidate under the key level.
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