EUR/USD: There is a bearish signal on EUR/USD, as price has gone downwards a bit this week, The EMA 11 is below the EMA 56, and the Williams' % Range period 20 is in the oversold territory. This means that, while there could be transitory bullish attempts here, price is expected to journey further downwards.
USD/CHF: Here, there is a Bullish Confirmation Pattern on the 4-hour chart. Price has been able to go above the support level of 0.9850, now it is going towards the resistance level at 0.9900. Price might be able to go above that resistance level, but that is not going to be an easy task, owing to extant threats from bears.
GBP/USD: Cable has continued to consolidate to the downside this week. Price has eased southwards by 170 pips, emphasizing the overall bearish outlook in the market. There is a possibility that price could continue its journey southwards, reaching the accumulation territories at 1.3050 and 1.3000 today.
USD/JPY: This currency trading instrument made some attempt to go further upwards on Tuesday, now it is above the demand level at 106.00. Bulls might be able to target the supply levels at 106.50, 107.00, and 107.50. This bullish bias would hold as long as price does not go below the demand levels at 105.00 and 104.50.
EUR/JPY: Nothing significant has yet happened on EUR/JPY cross. There is a Bullish Confirmation Pattern in the market and price could go further upwards. This bullish bias would hold as long as price does not go below the demand zones at 115.00 and 114.50.
