EURUSD: EURUSD is really in the bear market and the current bounce of the price is just a temporary rally in the context of a downtrend. The rally, however, ought not to go above the resistance line of 134.00 (the point at which the bearish bias would be judged as invalid). The price would soon retrace backwards.
USDCHF: This pair is in the bull market and the trend is supposed to resume its upward movement, especially when there is a breakout of the current consolidation of the price. Immediate support levels are presented at 0.9100 and 0.9050. In the meantime, the price could test the resistance level at 0.9200.
GBPUSD: This currency instrument, by the reading of the indicators and the price action, is almost turning bullish. For now, it is not completely safe to go bearish in this market. There would be a Bullish Confirmation Pattern in the chart, as soon as the EMA 11 crosses the EMA 56 to the upside.
USDJPY: This JPY pair is in a bullish mode, and should the current outlook continue to hold true, the price would go on to challenge the supply level of 99.00. This could happen today, or tomorrow. One thing is sure: failure to reach the aforementioned supply level could lead to a rejection of the buying pressure.
EURJPY: EURJPY is trading now above the demand zone of 133.00, but further northward move could be checked at the supply zone of 134.00. Any movement above that supply zone is a signal that the bullish outlook on the market is over. Otherwise, the price would not be able to break the supply zone upwards.
