EURUSD: The EURUSD pair has been able to go on breaching one resistance line after the other. For example, the resistance line at 1.3200 was breached to the upside, and the resistance line at 1.3300 is currently under siege. Should the current strength continue on this pair, that resistance line would be penetrated eventually.
USDCHF: According to what was expected at the beginning of this week, this pair was able to break the support barrier at 0.9300 (after a long period of hesitation that resulted in much equilibrium phase). Right now, the price is trading under the barrier at 0.9300, aiming to go lower towards the support level of 0.9250.
GBPUSD: This currency instrument moved upwards significantly this week, topping at the price territory of 1.5400. That price territory is also in danger of being breached to the upside, for it has been tested over and over again. Should the current Bullish Confirmation Pattern continue to be valid, the market will end up trading above that price territory.
USDJPY: As a result of the constant weakness in the USD, this pair has fallen by over 150 pips this week. However, this does not happen without significant rallies which gave spurious signals in some cases. It simply happened that the rallies were nice opportunities to sell short in view of the current bearish trend.
EURJPY: This cross went up initially, topping at 132.70. It then nosedived and lost all its gains in this week. The RSI period 14 has shown a bearish indication, but the EMAs are yet to confirm this. So one would need to wait until there is a clear directional bias, though it seems most likely that this cross would go in the way of other JPY pairs.
