EURUSD: The EURUSD pair has moved up by over 180 pips this week. This is a bull market. The EMA 11 is above the EMA 56, as the RSI 14 period is above the level 50. The price could reach the resistance line at 1.3100 eventually.
USDCHF: This is a bear market – it has fallen by over 120 pips this week. The EMA 11 is below the EMA 56, and the RSI 14 period is almost going into the oversold region. There are more support levels to be breached to the downside, 0.9200 and 0.9150.
GBPUSD: The price on the cable is currently having a pullback into the accumulation zone of 1.6100 (which could halt further pullback below that zone). This must happen because the Williams’ % Range was recently in the extremely overbought region. As long as the price is above the EMA 56, the long signal is intact.
USDJPY: The USDJPY pair has gone above the territory at 83.50, as predicted. The upward possibility is still very much potent. If buying pressure continues today or next week, the supply territory at 84.00 will also be breached to the upside. Any bearish correction that could occur is expected to be short-term in nature.
EURJPY: This cross has already gone up by more than 300 pips! The bullish outlook remains stable, even if there is any pullback (that could happen in a near-term). The supply zone at 109.50 is under siege, and when it is broken upwards, the price will continue to the supply zone at 100.00, a great psychological level.
