EURUSD: There has been a serious bullish pressure on the EURUSD pair. There is currently a neat trading signal, coming with the bullish confirmation pattern. The price is above the EMAs 11 and 56, while the RSI period 14 is above the level 50. The price could reach the resistance line at 1.3050.
USDCHF: There is a bearish confirmation pattern on this pair. The RSI 14 period is below the level 50, and the price is trying to cross both the EMAs to the downside. If this bias continues for the rest of today, it might lead to further short-selling, as the price goes to break the support level at 0.9300 to the downside.
GBPUSD: The cable has cruised upwards by up to 120 pips in this week. On the 4-hour chart, there is a bullish confirmation signal, as the price goes above the 2 EMAs, being ready to touch and possibly break the distribution zones at 1.6150 to the upside. The Williams’ % Range is in the overbought zone – indicating very strong buying pressure.
USDJPY: As it was forecasted yesterday, the USDJPYpair broke out of its defined range; in favor of bulls. This was made possible as the bullish signal itself was still valid when the pair was in that protracted range. The indicators on the chart have given more northward strength. The territory at 82.50 was broken northwards – the price could reach the supply territory at 83.00.
EURJPY: This cross rose up sharply in this week – out of the indecision it saw at the beginning of the week. It has risen by more than 160 pips, in a significant bullish context. The price is pushing up through the supply zone at 107.00. If proves to be successful, the next target will be the supply zone at 107.50.