EUR/USD: This pair touched the resistance line at 1.1850 and closed below it. It is now going towards the support line at 1.1800, which is the next target for today. The aforementioned resistance line (including the one at 1.1900) should defend the bears against any bullish attacks on the way.
USD/CHF: The USD/CHF was able to reach the resistance level at 1.0150, currently battering it. The resistance level would be breached to the upside, as the price goes towards another resistance level at 1.0200. In addition, strong fundamental figures are expected today and they would have impact on the markets.
GBP/USD: This is a bear market which has dropped by roughly 230 pips this week. The price is now below the distribution territory at 1.5100, going towards the accumulation territory at 1.5050. The probability of further downward movement is supported by the Bearish Confirmation Pattern in the chart.
USD/JPY: Handling this currency trading instrument now requires a different tack. The outlook is bearish, but the bulls are still flexing their muscles. A break above the supply level at 120.00 would signal the return of the buying pressure; while a break below the demand level at 118.00 would mean the strengthening of the selling pressure.
EUR/JPY: This is strong bear market. The price is below the EMA 11, which in turn is below the EMA 56. The RSI period 14 is below the level 50. Though the price is currently consolidating, the southward journey could resume.
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