EURUSD: The ‘buy’ signal that has been formed on EUR/USD since the beginning of this week is still valid. The price is above the EMAs 11 and 56, while the RSI 14 period is above the level 50. The next target could be 1.3100.
USDCHF: There has been a bearish bias confirmation on this pair – a scenario that is expected to be carried on. The price is now far below both the EMA 11 and 56, as the RSI 14 is still below the level of 50. The next price target could be 0.9250.
GBPUSD: I still prefer to stay out of this market as I await new bullish confirmation. If the present scenario continues, a long possibility would eventually be confirmed. The Williams’ % Range is already in the oversold region.
EURJPY: The EUR/JPY pair started its bullish signals before the end of the last week. Now the signal is more than confirmed; as the price has gone up by roughly 170 pips this week. The price is far above the EMA 11 and 56, and the next target to be breached is 103.00 – approximately to the upside.
USDJPY: The current situation influences the other JPY pairs. The market is travelling northward, being above the EMA 56. As the RSI 14 is above the level 50, 79.00 is the next price target.