EURUSD: On this pair, the dominant trend on this pair has been bullish. In spite of the turbulent situation on the market, it is probable that the pair would continue to move downwards. There is still a bearish indication on the chart, and if continues as expected, the price may touch the support line at 1.2850 again.
USDCHF: This market has moved sideways throughout this week. Though the highest probability of price movement remains to the upside, the price could break out upwards or downwards. There is still a bullish signal on the chart (something that would hold out as long as USD still has some stamina versus CHF).
GBPUSD: This is a bull market, again, in spite of the recent volatility. What has happened on the able this week shows that buyers have finally rejected any bearish pull, and are determined to keep on pushing the price upwards. The market has moved upwards by over 110 pips this week, and the next target could be the distribution zone of 1.5250.
USDJPY: The USDJPY pair is currently in a downtrend – a threat to the long-term bullish outlook. This threat is valid, and it has violated the bullish trend. Right now the price has closed below the EMA 56; trending further downwards. The RSI period 14 has gone below the level 50. I would prefer a short trade.
EURJPY: On this cross as well, it does not look judicious to go long right now. Why? The indicators on the chart, coupled with price action, confirm some bearish pressure. The price is currently testing the market zone at 122.00. If this zone is breached successfully, the next support zone to be breached is 121.50.