EUR/USD: The EUR/USD has not done anything significant so far this week. The market would break out very soon, following the ongoing consolidation. Price would either go above the resistance line at 1.1300, causing a bullish signal to form; or go below the support line at 1.1150, triggering a bearish signal.
USD/CHF: This pair is making some weak bullish effort, but there is nothing significant aside that. There are mixed signals in the market, which would only be ended by a directional movement. A movement above the resistance level at 0.9850 would result in a Bullish Confirmation Pattern and a movement below the support level at 0.9650 would result in a Bearish Confirmation Pattern.
GBP/USD: This currency trading instrument went downwards on Tuesday, triggering a near-term "sell" signal in the market. The EMA 11 has just crossed the EMA 56 to the downside in the 4-hour chart as the RSI period 14 is below the level 50. Further bearish journey is anticipated, which may push price towards the accumulation territories at 1.3150 and 1.3100.
USD/JPY: The USD/JPY trended a bit upwards on Tuesday, thus rendering the recent bearish signal useless. The supply level at 103.00 would try to challenge bullish attempts along the way, but once it is breached to the upside, there would be a clear bullish signal in the market.
EUR/JPY: The vagaries of the EUR/JPY has reared up its head as the EMA 11 is now almost crossing the EMA 56 to the upside. The RSI period 14 has already gone above the level 50, which means price could be trending higher today or tomorrow. The supply zones at 115.50 and 116.00 are the potential targets for bulls.
