EURUSD: The EURUSD pair traded upwards this week, but it could not break the resistance line at 1.3300 to the upside. The price is currently hovering around the support line at 1.3200 and is yet to break it vigorously to the downside. The bullish trend is still valid.
USDCHF: The USDCHF pair went down this week but could not go determinedly lower than 0.9100. The bearish signal is not yet over. In addition, the price could not go above the resistance level at 0.9150.
GBPUSD: The GBPUSD pair traded upwards but it could not go above the distribution zone1.6300, and it dropped by over 80 pips. The price is not expected to go below the distribution zone at 1.6200, otherwise it would be a harbinger of a new downward trend.
USDJPY: The USDJPY pair is now showing some downward possibility – whereas the current uptrend signal is till valid. The price is having some difficulty breaking the support territory at 84.00 to the downside. This could really halt further bearish pressure.
EURJPY: The price on this cross could not go above the supply zone at 112.50. The price dipped by 180 pips. The price would need to reach the demand zone at 110.00 and possibly break it downwards before the price could pose a threat to the current downward outlook.
