EUR/USD: All the shallow upswings and downswings in the market have not contributed anything significant to this market. There is still a possibility of a strong directional movement, which would most probably favor bears, for price could test the support lines at 1.1050 and 1.0000. A movement above the resistance line at 1.1400 would result in a strong bullish signal, but that would require persistent buying pressure.
USD/CHF: USD/CHF made some bullish attempt, but further bullish movement was rejected at the resistance level at 0.9800. There has been a minor bearish correction since then, and there is a need for price to go above that resistance level: Otherwise bulls would lose their dominance in the market.
GBP/USD: The cable has dropped seriously this week, testing a low of 1.2796. Price got corrected a bit after that, and then moved sideways, all in the context of a downtrend. Further bearish movement is possible, and the low of this week may be tested again this week or next week.
USD/JPY: No matter what happens on this pair (like the shallow rally that was witnessed on it yesterday), the bias on the market is bearish. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50. Since there is a Bearish Confirmation Pattern in the market, further bearish movement is possible. Some fundamental figures are expected today and they would have impact on the market.
EUR/JPY: This cross has continued its bearish journey, which was made prominent on Wednesday (in spite of the current faint bullish attempt). There is no logical reason to seek long trades in this market: The EMA 11 is far below the EMA 56, while the RSI period 14 is vividly below the level 50. This is a kind of market that shows rallies that turn out to be "sell" signals.
