EURUSD: This currency instrument is currently in a noteworthy southward correction, while the Williams’ % Range stays in the oversold area. It is still assumed that the price would rally upwards from there, although any movement below the support level of 1.3700 means the bullish signal is over.
USDCHF: From the support level of 0.8900, the USDCHF has moved upwards by over 100 pips. The bias in the market is thus northward, and the price may soon reach the target at the resistance level of 0.9050. The price is currently challenging the market level of 09000.
GBPUSD: The Cable is already having a Bearish Confirmation Pattern in the chart, and the accumulation territory of 1.6000 is something that would easily be targeted today or tomorrow. The distribution territory of 1.6100 should act as a barrier to any northward correction in the meantime.
USDJPY: Yesterday, the price broke through the demand level of 98.00, aiming the supply level of 98.50. The price is basically above the EMA 56 and the RSI period 14 has crossed the level 50 to the upside. This is a Bullish Confirmation Pattern in the chart, and it would behoove astute speculators to seek long trades only.
EURJPY: Honestly, the cross is in a bullish mode, but the bullish mode is supposed to be more significant, than it presently is (just as most JPY pairs have done). The reason for the weak northward rally in the market is the weakness of EUR. However, a significant move towards the north may resume very soon.
