EUR/USD: There is a Bearish Confirmation Pattern on the EUR/USD 4-hour chart, and the bias is bearish. The EMA 11 is below the EMA 546, while the Williams' % Range period 20 is not far from the oversold region. The market could go further downwards by at least 100 pips before the end of this week.
USD/CHF: The USD/CHF is still in a bullish mode. The price is supposed to continue going upwards this week, reaching the resistance levels at 1.0300 and 1.0350. There is a Bullish Confirmation Pattern on the 4-hour chart. The bullish outlook would be valid as long as the price does not go below the support levels at 1.0050 and 1.0000.
GBP/USD: The GBP/USD is in a bearish mode. The price has gone down 160 pips this week, now it is below the distribution territory 1.2350. The next targets are the accumulation territories at 1.2300 and 1.2250, which could be hit later in the day or before the end of the week.
USD/JPY: The USD/JPY remains in a bullish mode, though the price is yet to rise significantly this week. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. A directional movement is bound to happen this week or next, which would most probably favor bulls. At least, the supply levels at 118.00 and 118.50 can be tested again.
EUR/JPY: This currency cross is not attractive at the moment. There is no directional bias so far, and it would be OK to wait until there is a directional bias. A rise in momentum is expected this week or next week, which would be a surprise.
