EUR/USD: As predicted earlier, the pair has given up about 2 weeks’ gains, following the current Bearish Confirmation pattern in the chart. It is now ideal to look for short trades in the market. The support line at 1.3200 is highly vulnerable to bearish attack, and it is probable that the price would go lower than that line.
USD/CHF: As in the normal negative correlation of this pair to EUR/USD, it would go upwards as EUR/USD weakens further. USD itself is not very weak right now. There are still mixed signals in the chart and one should wait for a clearer signal before taking a position.
GBP/USD: The cable has continued to drop (the optimism surrounding it has already disappeared). There is a Bearish Confirmation pattern in the chart, and the price is likely to drop further, especially in the context of the current rally that is expected to be short-term in nature.
USD/JPY: There is a conspicuous buy signal in the chart. This means that the current pullback is a good chance to open a long trade, for the pullback is not supposed to take the price below the demand level of 96.50. The price could thus test the supply level of 98.00 again.
EUR/JPY: Since there has been a buy signal on this market, there was no sharp reversal until now. There is a big supply zone at 130.00, which might be, at least, tested before the precarious journey to the north resumes, even if the price does not cross the demand zone to the upside this week.