EUR/USD: Here is a bullish bias – a northward outlook. The EMA 11 is above the EMA 56 and the Williams’ Percent Range is trying to head upwards. Anyway, the price is heading toward the resistance level at 1.3600 and might break it to the upside.
USD/CHF: The trend on the USD/CHF is bearish, and it is expected to remain as such. The EMA 11 is below the EMA 56, though the Williams’ Percent Range is showing a kind of bullish attempt. This is expected to be temporary, and the price would eventually succeed in breaking the support level at 0.9050 to the downside.
GBP/USD: This is a downward scenario. The EMA 11 is below the EMA 56 as the price stays below the 2 EMAs: the RSI period 14 is below the 50 level. The accumulation territory at 1.5650 would be breached to the downside eventually.
USD/JPY: Following the temporary pull-back that occurred on this pair on Monday, February 4, 2013, the market picked up and began to trudge upwards on Tuesday. Right now, the northward bias on the USDJPY is still valid. The price is above the EMA 11, and the RSI period 14 is above the 50 level. The next price target could be the supply level at 94.00.
EUR/JPY: Following the opening of this market, the bearish plunge that occurred was significant enough to cause some reactions among speculators. Right now, the price has shot upwards from the weekly low of 124.02. From this place, it has gone upwards by more than 280 pips. This is a really volatile market! The next target could be the supply zone at 127.50.
