EURUSD: This pair continues to plunge. The price has tested the support level at 1.2850, and would go for the level at 1.2800 if the bearish pressure continues.
USDCHF: USDCHF has continued to rise. The price has tested the resistance level at 0.9400 and could go on to the level at 0.9450 if the bullish attempt continues.
GBPUSD: The Cable still tests the support level at 1.6150, and the next target could be the support level at 1.1600 if the bearish run continues. Immediate resistance levels are at 1.6200 and 1.6250.
EURJPY: The bulls are trying to push up this cross upwards and beyond the psychological level at 100.00. If this level could halt this bullish push, the price would be forced back to the level at 99.50.
USDJPY: Here, the bullish bias still holds, though the market was volatile yesterday. The demand zone at 77.50 is still to be tested; I still prefer a ‘sell’ trade at 78.00.
