EUR/USD: The EUR/USD continues to be weak, as the EMA 11 remains below its EMA 56 counterpart. The sell signal in the chart is still on. The price is below the resistance line at 1.3400, and would not find it difficult to reach the support line at 1.3300.
USD/CHF: This market has kept on consolidating to the upside. The EMA 11 is above the EMA 56, as the Williams’ Percent Range remains in the overbought area. The price is poised to push at the resistance level at 0.9200 and break it to the upside.
GBP/USD: The Cable dropped by approximately 150 pips on Monday, following a bogus bullish signal that was generated at the close of the market last week. The EMA 11 has crossed the EMA 56 back to the downside, as the RSI period 14 has gone below the 50 level. There is a short trade possibility in the chart.
USD/JPY: As expected, this price action on this pair turned out to be a temporary reversal in the context of an uptrend. At the demand level of 92.50, the price found a near-term bottom. It has traded upwards since then (by over 100 pips). The price should keep on journeying northwards.
EUR/JPY: Eventually, the Bearish Confirmation Pattern that was anticipated on this cross didn’t materialize. The indicators on the chart (EMAs 11 and 56, with the RSI period 14) support this outlook. The market has reverted back upwards by over 150 pips, and may continue doing so.