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Forex: GBP/USD falls further and tests the 1.5450 area

FXstreet.com (San Francisco) - After falling around 50 pips from the 1.5500, the GBP/USD has left behind this area with the pair declining to 1.5455, intra-day low. Currently the Cable is trading at 1.5460.

The GBP/USD is currently 0.50% down on the day with the pair trading slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral in the 15 minutes timeframe too.

Next supports are at 1.5447 (low May 7), 1.5418 (low Apr.26) and 1.5285. On the upside, resistance levels align at 1.5593 (high May 8) ahead of 1.5599 (high May.6) and then 1.5603 (high May 3).

Forex: EUR/JPY eyes 132.00 on weaker yen

The Japanese yen now intensifies its depreciation across the board, pushing the cross to the proximities of 132.00, levels last seen in January 2010. In the same tone, the yen is falling below the 100.00 mark against...
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Forex: EUR/USD smashed by USD/JPY rally

Following a timid recovery, EUR/USD resumed the downside and slumped to fresh weekly lows as the greenback rallies across the board, accomplishing impressive gains versus the yen and the franc.
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