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Technical Analysis for USD/JPY: February 3 The Purchasing Managers Index (PMI) of the Japanese industrial sector reached 52.3 in opposition to the reported 52.4. The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism is at the reported median 47,8 published by the US and the New York ISM is at 718,9 in opposition to the preceding 716,6. The first support occurs at 120.40 and at 119.20 subsequently. The first resistance lies at 121.30 and at 122.20 subsequently. A sturdy and confirmed buy signal was found. The price is on top of the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen creates a horizontal movement and the Kijun-sen forms an upward motion. The ascending movement will be until the price is on top of the Cloud. The MACD indicator is in a positive location. The price is recovering.

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Fundamental Analysis: February 15 A down fall of stock markets is an aftermath of concerns about the global economic outlook which also caused the US dollar to be under pressure last Friday. The demand for the yen and the euro heightened. And because of the celebration of Chinese New Year, the Chinese market was closed. The Japanese Finance Minister enlightened the investors that the fleet growth of Japanese yen could be a factor of the regulator's mediation. If there's a need to restrict the yen's growth, the bank will take all the necessary measures to make this happen. The exchange rate has been lately demonstrating quite sharp inconsistency that vary from the BoJ's financial policy, the Finance Minister stated. The Gross Domestic Product of the Eurozone (q/) stayed at the same level of 0.3%, as claimed by the Eurostat. On Friday, the US retail sales forecast for January was issued. The report was at 0.1%, the index occurred at 0.2%. In the initial estimate, the Michigan University Consumer Confidence Index for February was anticipated to increase by 92.6 from 92.0 in January. The index occurred at 90.7, much lesser than it was expected.

Technical Analysis for GBP/USD: February 12 The GBP/USD pair paid no attention to the poor UK data. In January, the industrial production decreased by 1.1% m/m and 0.4% y/y against -0.1% and +1.0% and the former outcome at the level of -0.8% and +0.7%. The GDP of the National Institute of Economic and Social Research (NIESR) for January was approximately +0.4% against the preceding result of +0.6%. The first support occurs at 1.4480 and at 1.4400 subsequently. The first resistance stands at 1.4560 and at 1.4630 subsequently. The price is in the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement. The MACD indicator is in a positive location. The price strengthened. The way to resistance level of 1.4560 will paved if the price breaks 1.4480 and up. If the price sets under the support 1.4400, the descending trend in the short term may proceed. The possible target is 1.4320.

Fundamental Analysis: February 11 Generally, the trader's adherence regarding the world's economic development loosen up and the energy sector's fate is a factor for a new wave of stock indices selling. Immense slate of companies' insolvency abreast with the Deutsche Bank difficult situations whose shares have dropped to the record lows, dispirited investors from trading high-risk assets. We must not rely on the remarkable growth of euro in the medium term due to the industrial production and trade balance poor statistics of Germany for December. In 2015, the industrial production signified an increase of 0.8% but decreased by 2.2%. It is not exceedingly profitable to have a sturdy euro as we find a stable negative trend. The EUR/USD reduced by the end of the trades. The UK issued the industrial production deliverance for the month of December. The index occurs at -1.1% m/m. The GBP/USD pair, in spite of poor manufacturing industry data, rapidly left the lows. The pair slightly grew. This week key event is part of the speech of Janet Yellen, an American economist, to Congress. Her perspective concerning the economy state and the monetary policy future shall determine additional prospects of the dollar which has weakened lately. The USD/JPY pair decreased by the end of the trades. Janet Yellen stated that their goal to expand the interest rates in short-term may loosen up due to the risks in the US economy. The China's economic innovation set a negative effect on the US economy and the trader's inflation anticipations keep on decreasing. The Fed chairman did not discuss about the probable interest rates increase yet the mentioned risks cause her to speak softly pointing out concerns regarding this year's Fed rate hikes.

Technical Analysis for GBP/USD: February 10 The outpouring of the capital from the British assets cause the government bonds yield remarkably lessen in opposition to the US Treasuries and the German bonds. In turn, this component gave a negative effect on the Cable. The Sterling were rather toned up. The first support occurs at 1.4400 and at 1.4320 subsequently. The first resistance stands at 1.4480 and at 1.4560 subsequently. A poor and confirmed buy signal was found. The price is on top of the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen creates a descending motion and the Kijun-sen forms a horizontal motion, displaying a "Dead Cross". The ascending motion will remain as much as the price is over the Cloud. The MACD indicator is in an impartial location. The price is increasing. We may hope for the stabilization at the present levels. The descending bounce probable target is at 1.4400. If the price increases it will break over 1.4480.

Technical Analysis for USD/CHF: February 5 Mr. Thomas Jordan, head of the Switzerland National Bank restated that the franc was overbought and the Central Bank was all set to interpose if needed. Nevertheless, Mr. Jordan refused to tell if the bank had an intervention recently. Switzerland issued the Consumer Climate index Q1 forecast. The index is at -14.0 and the previous value was -18.0. The first support occurs at 0.9850 and at 0.9750 subsequently. The first resistance stands at 0.9960 and at 1.0100 subsequently. A sturdy and confirmed sell signal was found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen formed a descending motion creating a "Dead Cross". The descending motion will be until the price is below the Cloud. The MACD indicator is in a negative area. The price is declining.

Fundamental Analysis: Ferbruary 4 For January, the level of the US PMI Composite from IMS is at 53.5 whereas the previous value was 55.3 and the report was at 55.1 which was published by the United States. Moreover, the ADP Employment Change for January is at 205,000 whereas the preceding value was 267,000 and the report was 195,000 which was issued by the USA. In 2015, the unemployment rate of the Eurozone reduced by 0.8% to the level of 10.4%. The status apparently shows the ECB soft monetary policy. The low cost euro rate and liquidity added a support to the development of the real economy. The Euro area Retail Sales displayed 1,4% y/y and 0,3% m/m in opposition to the reported 1,5% y/y and 0,3% m/m. The EUR/USD pair signified a sturdy growth by the end of the trades. Also in 2015, the Gross Domestic Product of the UK increased by 2.17% in contrast to the growth of 2.85% in 2014. Simultaneously, the growth rate of the United States was 2.38% and 2.42% for the same period. The slowdown of the UK economy is more substantial compared in the USA which has been a negative factor for the currency. The GBP/USD pair strengthened. A somewhat unstable dynamics was formed by the dollar. The currency modulated in opposition to the yen which is still yearned even though a new wave of risk aversion arises. This week, the stock indices reduced which outstandingly losing ground as an aftermath of the descending of oil prices after the astonishing previous growth. In the midst of all these, buyers were interested in the Japanese yen. A non-manufacturing PMI has been issued. The index of EU displayed a 53.6 concurrently with the report. The similar index signified 53.2 in the USA, the report was 53.7. The Non-Manufacturing PMI of the UK occurred at 55.6 in opposition to the reported 55.3