EURUSD: This market was trading sideways from Monday to Thursday, but it broke out to the upside on Thursday. The price now goes above the EMA 21. The next target could be 1.3050.
USDCHF: The USD/CHF pair firstly moved indecisively earlier this week. This continued until there was a downward breakout on Thursday. The support level at 0.9300 has been tested, and if the bearish bias continues, the next target could be 0.9250.
GBPUSD: This instrument was trading lower from Monday to Wednesday, but the loss has been recovered as the pair moved up strongly. The resistance level at 1.6200 has been tested, and if it is broken upwards, the next target would be 1.6250.
EURJPY: Interestingly, EUR/JPY has maintained the momentum which it had at the beginning of this week. The price has tested 102.00 and is trying to close above it. If this proves successful, the next target would be 102.50.
USDJPY: USD/JPY has also maintained the bullish bias which it had at the beginning of this week. But since Thursday, the price has been coming down, and right now it is staying below the supply level of 78.50. It is still safe to assume that this pair would share the fate of other JPY pairs.
