EUR/USD: This is a bear market – as long as the price is below the resistance line at 1.3000. When the price closes above that resistance line, it would be the beginning of a new bullish signal. Should the price fail to do this, it would be rational to think that the price could fall further towards the support line at 1.2900.
USD/CHF: The USD/CHF is a strong market, until the price breaks below the support level at 0.9300. The price may likely go further north, testing the resistance level at 0.9400. Should the resistance level at 0.9400 get breached to the upside, the market might target another resistance level at 0.9450. However, for this expectation to be fulfilled there must be more strength in the USD.
GBP/USD: The Cable has continued showing its bullish determination, which poses as a threat to the recent bearish outlook. A movement above the distribution territory at 1.6300 would mean the end of the bearish outlook and the beginning of a bullish journey. This is true especially when the price closes above that distribution territory.
USD/JPY: The Bullish Confirmation Pattern in the chart remains clean: the price is above the EMA 56 and the RSI period 14 is above the level 50. Following the present equilibrium phase in the market, there may be a breakout to the upside, taking the price towards the supply level at 107.50.
EUR/JPY: This cross continues to show some strength after the recent shallow pullback in the market. Immediate demand level is at 138.50, and the price may retest the supply level at 139.00. It may even breach it to the upside and close above it.
