EUR/USD: The EUR/USD pair is still caught in a bearish trend: the support line at 1.2600 may easily be tested. Should that support line get breached to the downside, the next target may be the support line at 1.2550.
USD/CHF: Bulls’ power in this market is now obvious. The Williams’ % range period 20 is now in the overbought territory, which means that the market is expected to go further upwards because of the strength in it, even if there would temporary pullbacks. The EMA 11 is above the EMA 56 and the price is above both of them. The resistance level at 0.9550 is under siege – another resistance level at 0.9600 may be reached if the resistance level at 0.9550 is breached to the upside.
GBP/USD: The Cable is also weak, just like its EUR/USD counterpart. The bearish journey in the market has resulted in a Bearish Confirmation Pattern in the chart. The bearish outlook would become particularly stronger after the accumulation territory at 1.5950 is tested.
USD/JPY: The strength in the USD has made the USD/JPY pair go seriously upwards. This has made long trades logical, and the price could test the supply level at 109.00 today or next week. In addition, some fundamental figures are expected today and they may have some impact on the markets.
EUR/JPY: The sudden weakness in the JPY is what is aiding the northward effort on this cross. When the price crosses the supply level at 137.50 to the upside, things would become bullish completely.
