EUR/USD: This market almost touched the support line at 1.3500 before it rallied above the support line at 1.3650. Should the price move above the resistance line at 1.3700, it would result in a Bullish Confirmation Pattern in then chart, which could also drive the price above another resistance line at 1.3750.
USD/CHF: The USD/CHF has managed to hit our long-term target at 0.9000. There has been a strong pullback since this happened, and a movement below the support level at 0.8900 could mean the end of the bullish bias. The market is currently volatile and turbulent. It is either the price goes back upwards or it closes below the aforementioned support level. Should the latter expectation come true, it would result in a Bearish Confirmation Pattern.
GBP/USD: With a renewed surge in the price of the market, the price has closed above the accumulation territory at 1.6800. This has resulted in a newly established northward outlook. The EMA 11 is above the EMA 56 and the RSI period 14 is above the level 50. The price could end up reaching the distribution territory at 1.6850.
USD/JPY: This currency trading instrument is bullish, but it has been experiencing some bearish correction since yesterday. For the bullish bias to continue to remain valid, the price must not go below the demand level at 102.00.
EUR/JPY: The bias on this cross has already turned bullish. Therefore it is sensible to seek long trades here. The supply zone at 140.00 is an easy target, and should it be broken to the upside, the next target would be the supply zone at 140.50.
