EUR/USD: There is a bearish signal on the EUR/USD. Price has gone further downwards and it is below the resistance line at 1.1200, now very close to the support line at 1.1150. The support line is expected to be breached to the downside as price goes towards another target at 1.1100.
USD/CHF: There is a "buy" signal on this pair. The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is in the overbought region. This means that price is expected to continue going upwards, reaching the resistance line at 0.9750 (an easy target), and then the resistance lines at 0.9800 and 0.9850.
GBP/USD: The Cable has been making some effort to go upwards, though things remain bearish. Irrespective of the rally in the market, the bias would not really go bullish until the distribution territories at 1.3000 are breached to the upside, and that is something that requires a serious buying pressure.
USD/JPY: A short-term bullish signal has been generated on the USD/JPY pair, leading to a pristine Bullish Confirmation Pattern in the market. Buy all indication, the price is supposed to continue going upwards, by at least 200 pips. However, that does not invalidate a possibility of a pullback, according to the bearish outlook on JPY pairs in June.
EUR/JPY: There are conflicting signals on this cross: The EMAs are yet to give any directional signal while the RSI period 14 has already generated a bullish signal. It is better to wait for a directional signal to occur before one takes a position. That is expected to happen within the next several trading days.
