EURUSD: This pair succeeded in trading above the price line of 1.3200. It is now trending upwards – towards another resistance line of 1.3250. That resistance line is a target that would be easily achieved because EUR has a lease of stamina (as this forecast was being prepared). There is an immediate support line at 1.3150.
USDCHF: USDCHF has trended less lower than EURUSD has trended upper. For example the former has fallen by less than 60 pips this week, whereas the latter fell by more than 80 pips this week. Generally, should the current weakness in the price continue, the price could reach the support level at 0.9300.
GBPUSD: The cable is also in a bullish mode, currently laying siege on the distribution territory at 1.5400. In the face of the current buying pressure in the market, it is more likely that the price would break the distribution territory to the upside – going toward the distribution territory at 1.5450.
USDJPY: This market is currently in a weak mode, having been unable to go above the EMA 56 (the RSI period 14 is also below the level 50). One thing is advisable: it is not prudent to seek long trades here, for the supply level at 100.00 remains a major barrier to bullish attempts. It is more likely that the price would fall further.
EURJPY: The cross has a bullish signal on it because the Bullish Confirmation Pattern on it has not been invalidated. Unless the cross goes in the way of the other JPY pairs, the supply zone of 132.00 (which has been tested already), could be retested, and possibly broken to the upside.
