EUR/USD: The EUR/USD pair has almost tested the support line at 1.1750 before the price went up a little bit. With the continuation of the bearish effort in the market, the support line would be tested and possibly breached to the downside. Then the next target would be the support line at 1.1700.
USD/CHF: The USD/CHF pair tested the resistance level at 1.0200 before the price went down a little bit. With the continuation of the bullish effort in the market, the resistance level would be tested and possibly breached to the upside. Then the next target would be the resistance level at 1.0250.
GBP/USD: The GBP/USD is a very weak market, with the accumulation territory at 1.5050 being threatened. That accumulation territory has already been tested and it would be tested again. Should it be breached to the downside, the price would target another accumulation territory at 1.5000.
USD/JPY: Since the test of the demand level at118.00, this currency trading instrument has been making a commendable bullish effort. The price has now gone above the EMA 56, while the RSI period 14 has also gone above the level 50. It now seems that the bulls are about to gain upper hands, for a movement above the supply level at 120.50 would mean the return of the Bullish Confirmation Pattern in the market.
EUR/JPY: This is strong bear market. The market has consolidated so far, but there could soon be a break below the demand zone at 140.50.
