EUR/USD: This pair is now trading above the support line at 1.3750. The price could go further upwards, but a possibility of a pullback cannot be ruled out. When there is a pullback, it would be temporary (giving another great long opportunity). The price could thus reach the resistance line at 1.3800.
USD/CHF: This pair is now trading below the resistance level at 0.8900. The price could go further downwards, but a possibility of a rally cannot be ruled out. When there is a rally, it would be temporary (giving another great shorting opportunity). The price could thus reach the support level at 0.8850.
GBP/USD: The Bullish Confirmation Pattern on this currency trading instrument is still far from being over. The EMA 11 is above the EMA 56 and the RSI period 14 is above the level 50. Further northward move was rejected at the distribution territory at 1.6800, but the price could still go back to test that distribution territory; even breaching it to the upside (which is a possibility).
USD/JPY: In spite of the current pullback on the USD/JPY, the bullish signal on it is not yet invalid. The demand level at 102.00 is acting as a near-term barrier to bearish threats. Unless the price crosses the demand level at 102.00 to the downside, the price would assume a renewed bullish effort.
EUR/JPY: Here, the bias remains bullish and the market would resume its northward journey when it leaves the current negligible consolidation phase. Then the market would be able to breach the supply zone at 141.00, going more northward.
