EURUSD: This pair is in the bull market, the price has gone upwards in a determined bullish mode in this week. Now, it is trading above the support line of 1.3800. The next target for the bulls is the resistance line of 1.3900. Meanwhile, the aforementioned support line would serve as a barrier to the bears’ machination.
USDCHF: USDCHF is currently challenging the support level of 0.8900. Should the bearish momentum continue in the market, the support level would be breached to the downside. Should this happen, the next target of the price would be the support level of 0.8800, which would be reached in a slow manner.
GBPUSD: The cable is trading above the accumulation territory of 1.6200. In addition, the Bullish Confirmation Pattern in the chart is a boon to buyers. The market is generally volatile, and in spite of that, the price would continue trending northwards, although there would be occasionally sharp reversals along the way.
USDJPY: USDJPY is in a bearish mode, with a bearish signal on it. The price is below the EMA 56, and the RSI period 14 is below the level of 50. The demand level at 97.00, which is presently besieged, should be overcome, as the price continues its southward journey after some hesitation.
EURJPY: This currency instrument has the tendency to keep moving upwards; although there would always be consolidation phases and short-term reversals now and then. The indicators in the chart affirm the possibility of the bulls continuing to gain power. One may go long here and place a stop at the demand zone of 133.50.
