EURUSD: The price is currently trading below the resistance line at 1.2800. The EMA 11 is below the EMA 56, while the RSI 14 period is currently oversold. The sell signal is clean, though there may be some occasional reversals on the way.
USDCHF: The resistance level at 0.9450 is currently under siege. The EMA 11 is above the EMA 56, as the RSI is exploring the overbought region. The buy signal is clean.
GBPUSD: The price on the cable is now below the distribution zone at 1.6000 – which is a good psychological level. The EMA 11 is below the EMA 56, while the Williams’ % Range is perpetually around the oversold territory. The price may reach the distribution zone at 1.5950 today, if the bearish pressure continues.
USDJPY: It was said yesterday that this pair should be traded with a great caution. The pullback on this pair has become a kind of protracted; something that may result in a new signal if it continues in such a manner. I would prefer to wait for a bearish signal before going short.
EURJPY: Though the Williams’ % Range is now in the oversold territory (and it may remain the same for a long period of time), the signal on this pair is now clear, SELL. The EMA 11 is below its EMA 56 counterpart. The price seems headed for the demand zone at 102.00.
