EUR/USD: In the short-term, this pair is neither bullish nor bearish. It is thus better to remain neutral until the price goes above the resistance line at 1.1850 (staying above it), or it goes below the support line at 1.1700 (staying below it). As long as price remains within these two boundaries, the outlook on it would be neutral.
USD/CHF: By all indication, the bias on this currency trading instrument is bullish – although the market environment looks quite choppy. The price could go towards the resistance level at 0.9850 (strengthening the bullish bias), or the price could go below the support level at 0.9700 (threatening the bullish bias).
GBP/USD: This market has gone downwards by 180 pips this week and that has resulted in a Bearish Confirmation Pattern in the market. The EMA 11 is below the EMA 56, and the RSI period 14 is below the level 50. The price would go further downwards to reach the accumulation territories at 1.3100, 1.3050 and 1.3000. The accumulation territory at 1.3100 has already been tested.
USD/JPY: The USD/JPY generated a "buy" signal on Wednesday and then pulled back on Thursday, only to go further upwards after that. The next targets for bulls are located around the supply levels at 113.50 and 114.00. To reach another supply level at 114.50, there is a need for a very strong buying pressure.
EUR/JPY: The EUR/JPY has continued going upwards after a bullish signal was generated on it. Price is now above the demand zone at 132.50, going towards the supply zone at 134.00 (which is the next target). There is a Bullish Confirmation Pattern in the 4-hour chart.
