EURUSD: This pair is still in its northward bias - relentlessly. The EMA 11 remains above the EMA 56, as the RSI period 14 remains in the overbought territory. There could be some pullbacks in the trend, reaching the support line at 1.3200 in the short term. But the northward journey is expected to resume, and the next target is the resistance line at 1.3250.
USDCHF: The USDCHF pair trended downwards precipitously. The price is below the level at 0.9150, trying to go towards the level at 0.9100. The RSI period 14 has long been in the oversold region (something that portends some bullish rally in the near term). If the bearish trend resumes, the market will continue falling.
GBPUSD: The price on the GBPUSD pair trended upwards strongly on Tuesday and settled around the distribution zone at 1.6250. There have been a lot of activities among buyers and sellers around this zone. If the price succeeds in leaving this zone upwards, the next target will be the accumulation zone at 1.6300.
USDJPY: The USDJPY pair trended upwards on Tuesday, breaking the territory at 84.00 to the upside. The price is above the EMA 56, and the RSI period 14 is close to the level 70, i.e. the overbought region. This means that the bullish signal is still valid. Therefore, the next target in the price could be the supply territory at 84.50.
EURJPY: On Tuesday the EURJPY pair moved upwards by around 100 pips breaking the zone at 111.00 to the upside as it targets the supply zone at 111.50. The EMAs still support a clear northward outlook, while the Williams’ % Range stays in the overbought region. Once again, the market can still move upwards.
