EUR/USD: The EUR/USD made some bullish effort yesterday. This means that the recent bearish outlook on the market is currently being threatened. A movement of about 200 pips to the upside is expected, though that may be not enough to override the bearish outlook, unless the resistance line at 1.0750 is overcome.
USD/CHF: The USD/CHF pair displayed bearish signals on Thursday, as the price moved below the resistance level at 1.0250. There is a possibility that price will move further downwards on Friday, though a strong opposition would be met at the key psychological level of 1.0000.
GBP/USD: The cable moved slightly downwards on Thursday. It has gone down by 66 pips this week, testing the accumulation territory at 1.2200. Since last week, price has gone down by 290 pips, and it may even go down further and further, before the end of this week or early next week.
USD/JPY: There is already a "Sell" signal in this market. The EMA 11 is below the EMA 56, and the RSI period 14 is below the level 50. Long trades the USD/JPY are not advised any more, since further journey to the south may be witnessed. The demand levels at 116.00 and 115.50 may be the next targets.
EUR/JPY: This is a flat market and there is no Bearish Confirmation Pattern or Bullish Confirmation Pattern on it (at least in the short-term). The movement on the market would henceforth be determined by whatever happens to EUR. The strong European currency may bring about a rally while the weak euro would result in some southward movement.
