EURUSD: The price is now clearly below the EMA 12 as the pullback still holds its positions. If this continues, the price would re-test the level of 1.3000 (the next resistance level is placed at 1.3050).
USDCHF: This pair continued to move sideways as it began this week. There is no clear direction right now: the support level is at 0.9250 and the resistance level is at 0.9300.
GBPUSD: Despite the correction in the market, the bullish bias are still relevant. The price is trying to move below the EMA 21, but it would merely give a new long signal as the Stochastic falls into the oversold region.
EURJPY: There could be a possibility for long order at 102.00 if the price touches that level, especially as the Williams’ % Range has gone into the oversold territory. The bias still points at the upwards direction.
USDJPY: What is happening with USD/JPY is a serious threat to the newly created ‘Buy’ signal on the pair. The EMA 56 is trying to thwart further bearish attempts. But if the price touches the support level at 78.00, it would render any bullish outlook invalid.
