EUR/USD: There was a rally attempt on EUR/USD on September 1, 2016, which was not significant enough to bring any changes to the ongoing bearish bias in the market. The EMA 11 remains below the EMA 56; though the Williams' % Range period 20 is in the overbought region, which would mean another short-selling opportunities.
USD/CHF: On this pair, price experienced a pullback yesterday. However, the bias is still bullish, unless price goes below the support level at 0.9650, which would require a strong selling pressure. Normally, price might be able to rise again from here, going upwards and breaking the resistance level at 0.9850 to the upside.
GBP/USD: There is now a clean bullish signal on GBP/USD. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. This means the market is supposed to continue going upwards. There would be temporary reversals along the way, which would offer good opportunities to buy long when things are on sale; and in the context of an uptrend.
USD/JPY: The USD/JPY cross has continued the bullish journey it started on August 26, 2016. Since then, price has gone upwards 380 pips, now testing the supply level at 104.00. The next targets for bulls are located at the supply levels of 104.50 and 105.00. Unless there is a significant stamina in the JPY, those targets would be attained this week or next.
EUR/JPY: The EUR/JPY cross has continued the bullish journey it started last Friday. Since then, price has gone upwards 250 pips, now above the demand zone at 115.50. The next target for bulls are located at the supply zones at 116.00, 116.50, and 117.00. There is a Bullish Confirmation Pattern on the chart, which enables the current bullish outlook on the market.
