EUR/USD: A bearish signal has been generated in the market. The EMA 11 has crossed the EMA 56 to the downside and the Williams' % Range period 20 is already in the oversold region. This shows that the market is weak and there could be a pullback today or tomorrow, which may take price towards the support lines at 1.0850 and 1.0800.
USD/CHF: The USD/CHF pair went upwards this week, gaining about 210 pips. Price is now above the support level at 1.0050, going towards the resistance level at 1.0100. Once the resistance level at 1.0100 is breached to the upside, the next target would be the resistance level at 1.0150. Some fundamental figures are expected today and they may have a huge impact on the market.
GBP/USD: There is Bullish Confirmation Pattern in the Cable 4-hour chart, and a further bullish movement is possible this week, though the market has consolidated in the last few days. A rise in momentum is expected, which would most probably favor bulls. The distribution territories at 1.3000 and 1.3050 could still be breached.
USD/JPY: This currency trading instrument has gone further upwards this week. There is a Bullish Confirmation Pattern on the 4-hour chart. The RSI period 14 is above the level 50, plus the EMA 11 is above the EMA 56. A further bullish movement is anticipated, which would take price towards the supply level at 114.50 and 115.00.
EUR/JPY: There is a bullish outlook for EUR/JPY, although price has consolidated so far this week. A breakout is imminent in the market, which would happen this week or next. When it happens, it would most likely be in favor of bulls, as price goes further upwards.
