EUR/USD: The EUR/USD is now experiencing a pullback in the context of an uptrend. The pullback may offer another opportunity to go long; unless the price goes below the support line at 1.2700, which would put the bullish outlook in jeopardy. With the continuation of the bullish trend, the price could reach the resistance line at 1.2800 again.
USD/CHF: This pair is also making attempts to go bullish in the context of an uptrend. As long as the price stays below the resistance level at 0.9550, it would be deemed that the bearish outlook is intact. Otherwise there would be another bullish outlook in the market.
GBP/USD: The Cable is now experiencing a pullback in the context of an uptrend. The pullback may offer another opportunity to go long; unless the price goes below the accumulation territory at 1.6050, which would put the bullish outlook in jeopardy. With the continuation of the bullish trend, the price could reach the accumulation territory at 1.6200 again.
USD/JPY: This market remains bearish – the price is still under the EMA 56 (though the RSI period 14 is above the level 50). For this market to be called a bull market, the price needs to close above the EMA 56 and the RSI period 14 would remain above the level 50. Otherwise, things should remain bearish.
EUR/JPY: This is still a weak market: the EMA 11 is still under the EMA 56 and the price is still under them, while the RSI period 14 is below the level 50. It is thus more likely that the price would continue going bearish.
