EURUSD: The bulls are gathering some strength here, and the bias is gradually becoming bullish (but not completely so). The bias would become completely bullish when the EMA 11 crosses the EMA 56 to the upside, and the price closes above the resistance line at 1.3500.
USDCHF: The bears are gathering some strength here, and the bias is gradually becoming bearish (but not completely so). The bias would become completely bearish when the EMA 11 crosses the EMA 56 to the downside, and the price closes below the support level 0.9100.
GBPUSD: The cable traded below the accumulation territory of 1.5900 for a short period, before bouncing upwards by over 170 pips. The price is now targeting the distribution territory of 1.6100. Moreover, the fundamental figures coming out today will have further impact on the pair and other currency instruments.
USDJPY: Here, the Bullish Confirmation Pattern in the chart is still intact, and the recent bearish correction in the market has proven to be an opportunity to buy long. Trading above the demand level of 99.50, the price aims for the great psychological level of 100.00.
EURJPY: This cross is also in a bullish mode – since most JPY pairs are trying to go north at the present. This has been made possible by the new lease of energy experienced in the EUR itself. The supply zone would be tested 135.00 (today or tomorrow).
