EUR/USD: There is still a Bearish Confirmation Pattern on the 4-hour chart for EUR/USD, though price has only moved sideways this week. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50. When a breakout occurs, it is most likely to favor bears, thus pushing price further south.
USD/CHF: USD/CHF made some bullish attempt, but further bullish movement was rejected at the resistance level of 0.9800. There has been a minor bearish correction since then, but price has been going upwards again since yesterday, heading towards the resistance level at 0.9800. Once price goes above that resistance level, bulls would have won a decisive victory.
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: Bears have made known their willingness to continue pushing down the USD/JPY price. Price has gone down 200 pips this week, now below the supply level at 101.00. There is a Bearish Confirmation Pattern on the chart, and price could go further downwards by another 100 pips today or next week.
EUR/JPY: Bears have made known their willingness to continue pushing down the EUR/JPY price. Price has gone down 300 pips this week, now below the supply zone at 112.00. There is a Bearish Confirmation Pattern on the chart, and price could go further downwards by another 200 pips today or next week.
