EURUSD: This market remains a bull one; in a slow and steady manner. The resistance line at 1.3600 is currently posing as a barrier to the bullish interests. The support line at 1.3500 is a long-term barrier to the bears’ effort as well, and the price may not go below that line, for the current bullish bias to be valid.
USDCHF: Here, the resistance level of 0.9100 should be a check to any rally that might occur in a context of a downtrend. There is a Bearish Confirmation Pattern on the chart, and thus it is assumed that when a strong movement occurs, it would be to the downside.
GBPUSD: The GBPUSD is trading above the accumulation territory of 1.6300, going towards the distribution territory of 1.6350. Today, there is a bank holiday in the US, and there are no economic figures coming out. However, the economic figures coming out of other countries could have some impact on the markets.
USDJPY: The USDJPY is trading above the demand level of 102.00. This is a new high in the past several months. Now, it is not thought that the market is overbought when some bulls are still interested in driving the price higher. There could be some retracement along the way, but the market could end up reaching the supply level of 102.50 today or tomorrow.
EURJPY: This currency instrument is a relentless bull market, and so are most other JPY pairs. The current pause in a bullish momentum is deemed as temporary rest in the price action, for when there resumes a new lease of movement, it would be to the upside. The supply zone of 139.00 remains easy prey to the bulls’ ruthlessness; although the possibilities of a transitory southward retracement cannot be ruled out.
