EUR/USD: The bullish bias on the EUR/USD still remains, in spite of the pullback that occurred on Thursday. The pullback was halted at the support line at 1.3200. This price line could serve as the entry area for those who would like to open new long positions.
USD/CHF: There is yet a bearish confirmation scenario on this pair, albeit the whole scenario looks precarious. The markets rallied yesterday, and it was checked at the resistance zone of 0.9150. That area could serve as a good entry point for those who would prefer to open new long positions.
GBP/USD: The GBP/USD continued southward plunge on Thursday. The price touched the distribution zone of 1.6200 before skydiving to break below the accumulation zone of 1.6100. Right now, the price remains below that level, and should the price continue the southward determination, it might reach the accumulation zone at 1.6050.
USD/JPY: In spite of the fact that the RSI period 14 is already in the overbought area, i.e. above 80, the northward bias on this pair is still relevant. However, the overbought condition means that there could be some pullback or consolidation in the near term. Should the price move upwards eventually, it would reach the supply territory at 86.50.
EUR/JPY: On the chart, the long signal is still tenable (in spite of the Williams’ % Range being in the overbought area and the price itself far above the 2 EMAs). The price has already touched the supply zone at 114.00, retraced downwards a little, and is poised to go back towards that zone. When this is broken – irrespective of any further pullback – the next target could be 114.50.
