EURUSD: On Wednesday, the EURUSD pair gapped upwards and later traded downwards. On the chart, the bullish bias is no longer useful, since the RSI 14 period is below the level 50, as the bears threaten to wield more power. The price could break the support line at 1.3150 to the downside.
USDCHF: Yesterday, this pair opened with a gap down and later moved upwards. This upward move is likely to continue, especially since the RSI period 14 is above the level 50, while the price itself breathes an upwards outlook. Bearish calls may not be made at this juncture. The price might break the resistance zone of 0.9200 to the upside.
GBPUSD: The GBPUSD pair gapped up yesterday, and later traded downwards (by more than 100 pips). This is a threat to the newly generated bullish signal. With further bearish scenario, the market could reach the accumulation zone at 1.6200.
USDJPY: The USDJPY pair gapped upwards, and later traded sideways. Looking at what happened to most JPY pairs, which also gapped up yesterday, one could say that the market would find it difficult to continue its northward push. The price may retrace towards the territory at 86.50.
EURJPY: This cross also gapped upwards on Wednesday, and later traded downwards by about 120 pips (the gap in price itself was about 110 pips). Further downwards move is expected. Therefore, it might not be difficult for the price to retrace towards the demand zone at 114.00.
