FXstreet.com (Barcelona) - Market is expected to continue moving mostly directionless due to lack of economic cues this week. Dollar has been hit but the worst employment numbers in almost 60 years past Friday, and remains slightly bearish at this moment. Thus, market players seem reluctant to place their bets in higher-yielding and remain turning to safe-haven assets such as American Treasuries.
Japanese yen safe haven status has been lost a couple of weeks ago, and continues diminishing due to weak macroeconomic data as Japan has recorded its biggest current account deficit on record in January. The current account deficit, the first in 13 years came in at 172.8 B Yen, much higher than market forecasts of 15.3 B Yen
EUR /USD - Euro remains pushing higher approaching to first resistance level around 1.2730. 4 hours charts indicators are showing some bearish divergences, suggesting the pair won't have an easy way up. Above the mentioned consider 1.2765 and 1.2806, rood of the daily descendant channel. Under 1.2690, supports will be at 1.2660 tough congestion zone, followed by 1.2620, and 1.2585.
GBP/USD - Just above the congestion zone between 1.4135/60, the par is ready to test the 1.4205 zone. Clear move above will find next resistances at 1.4248, 1.4290 zone and then 1.4330. Under 1.4130, consider supports at 1.4090, 1.4052 and 1.4010.
USD/JPY - Above 98.00 last Friday fall was halted by the floor of an ascendant channel coming from the low at 89.79. From actual price, resistances will be at 98.48, followed by 98.82, 99.10 and 99.54. Under 97.80, consider supports at 97.50 zone, and then 97.12, actual base of the mentioned channel.