EUR/USD: This pair was making bullish effort in the context of a bearish signal. There are resistance lines at 1.0900 and 1.0950. There are also support lines at 1.0800 and 1.0750. The price would either go above these resistance lines to generate a bullish signal or go below the support lines to reinforce the recent bearish outlook.
USD/CHF: There was a lot of trading activities around the level of 1.0150, which has been broken to the upside as the price continues to move upwards in the context of an uptrend. The best thing right now is to seek long trading opportunities in the market owing to the current bullish signal and the bright outlook for the USD.
GBP/USD: The GBP/USD pair went upwards yesterday because bulls were making effort to push the price upwards. However, the bearish outlook is extant unless the price goes above the distribution territory of 1.4450, which might render the bearish outlook invalid. There are accumulation territories around 1.4200 and 1.4150, which could be tested in case the price goes south.
USD/JPY: This pair merely consolidated yesterday, though a closer look at the chart shows that the price is likely to keep moving in this trend. There is a bullish signal in the chart as the price is now above the EMA 56, while the RSI period 14 is above the level of 50. The outlook for the USD is bright and therefore, the USD/JPY pair might continue moving upwards.
EUR/JPY: The bullish determination started by this cross is presently paying off. There is a novel Bullish Confirmation Pattern in the chart, which means the price has the potential to continue going upwards from here reaching the supply zones of 129.50 and 130.00 within the next few trading days.
