EURUSD: In spite of the current retracement in the EURUSD, which is minor, it is still expected that the price would go upwards again to reach the resistance line of 1.3350. Though the longer-term objective remains the resistance line at 1.3400, which is tenable on the condition that the bullish outlook continues to hold.
USDCHF: USDCHF has traded downwards, leading to a bearish signal in the chart. The Williams’ % Range has shown perpetual weakness in the market as the EMA 11 has gone below the EMA 56. It is likely that the price go further downwards towards the support level at 0.9250.
GBPUSD: The Cable – the bullish Cable – really has some optimism surrounding it right now. The currency instrument has broken one distribution territory after another. The current pullback in the price is normal, and when the price resumes its northwards attempt, it may likely reach the distribution territory of 1.5850.
USDJPY: There is a serious correction in this pair (which is not unique). Further correction would lead to a clean bearish signal. There are noteworthy corrections in the markets – some of which have resulted in new signals. Besides, the fundamentals coming out today would add more volatility to the markets.
EURJPY: Just like the situation in the USDJPY, the southward correction on the cross is so significant to the extent of causing near violation of the bullish scenario. Should the price dive more, towards the demand zone at 131.00, then the bullish scenario would be violated completely. Otherwise, it is valid.