EUR/USD: The major outlook on this market is bearish. The indicators in the charts still support some bearish continuation, though the price is currently making a faint bullish attempt. The price is not expected to go above the resistance line at 1.3100, at least for the current outlook to remain valid.
USD/CHF: On the USD/CHF market, short trades are not advisable yet, for the major outlook is slow but steady. The indicators in the chart confirm the aforementioned bias, and the support level at 0.9400 has been a great barrier to bears’ interests. The price is supposed to rise from there; otherwise, the break below the support level of 0.9400 would render the current outlook invalid.
GBP/USD: This pair can still go much lower. As forecasted on Tuesday, the price could not break the EMA 56 to the upside, which means that the bearish trend is still extant. The price could breach the accumulation territory at 1.5100 to the downside, going lower towards the accumulation territory at 1.5050.
USD/JPY: On this instrument, the price condition is bullish. The EMA 56 is below the price and the RSI period 14 is above the 50 level (slightly above it). The demand level at 92.00 continues to halt any selling pressure. The price would breach the market level at 93.50 to the upside, going forward.
EUR/JPY: This market has shown no significant movement so far, either in favor of buyers or sellers. There must be a break out of the current tight range before the next price target could be deemed. It is either the bulls win when the price breaks the supply zone at 122.00 to the upside or the bears win when the price breaks the supply zone at 121.00 to the downside. Though, it is possible that the price will continue going downwards.