EUR/USD: Generally, the EUR/USD has been bullish for this week, though there was a dip in the price (which took the price towards the weekly low of 1.2887). The price has moved upwards by over 130 pips in this week. There is a buy signal in the chart, and so, the price could reach the resistance line at 1.3100 very soon.
USD/CHF: This pair has been bearish this week, but not without some sharp rally in the middle of the week. The price reached a weekly high of 0.9780, and later dropped. From that weekly high, the price has gone downwards by over 200 pips. There is a bearish indication in the chart: short trades ought to be done.
GBP/USD: From the weekly low of 1.5008, the Cable has gone upwards by roughly 230 pips. Therefore, this week has been bullish generally: there is a new bullish signal in the chart (as supported by the indicators). The nearest target to be reached between now and the next several trading days is the distribution territory at 1.5300.
USD/JPY: This pair remains a bear market – for the price is below the EMA 56 and the RSI period 14 is below the 50 level. The market has been volatile recently, yet only short trades ought to be sought. Unless the price breaks the EMA 56 to the upside and closes above it, the indication in the chart remains bearish.
EUR/JPY: The EUR/JPY has succeeded in shrugging off any southward pulls on it. There is a buy signal in the chart; something that may be valid for the next several trading days. In spite of the uncertainty in the market, this cross may succeed in reaching the supply zone of 132.00.
