EURUSD: This pair is experiencing some pullback, which is not supposed to pull the price below the support line of 1.3060. Overall, it is possible that the bullish bias would end up prevailing and the price could resume going northwards towards the resistance lines of 1.3150 and 1.3200 respectively.
USDCHF: Similarly on this pair, the current rally could eventually prove to be short-term in nature – for the major bias is bearish. The resistance level at 0.9500 is the overall barrier to any northward threats, plus the price could end up breaking the support levels of 0.9400 and 0.9350 eventually.
GBPUSD: This currency instrument is expected to resume its northward journey sooner or later (though the price is currently getting corrected lower and that correction could be transitory in nature). Generally, the signal on the chart is a bullish one, and the price may end up touching the distribution territory of 1.5300.
USDJPY: At last, the recent ‘sell’ signal on the USDJPY pair was short-lived: there is a novel northward indication on the chart right now; for the JPY pairs have been given a new lease of strength. The major psychological barrier at 100.00 is currently being violated and the price would end up trading above it.
EURJPY: The EURJPY pair has been able to sustain the bullish outlook it assumed since the later part of the last week. After the initial consolidation movement that was seen earlier this week, the cross ends up generating a clear indication: a bullish attempt. The price is now moving towards the supply zone of 131.50.
