EURUSD: It is normal for a trading instrument to enter an equilibrium phase, following a significant trend, after which it would either continue the trend or reverse. What is happening in EURUSD shows that there may be a northward break soon towards the resistance line of 1.3400.
USDCHF: The principle mentioned for the EURUSD is also true of this pair. It is now in a consolidation mode: it is, thus, it is OK that a breakout would be expected. When it happens, it is more likely that the price would go downwards. Any break above the resistance level of 0.9300 is a violation of the bullish possibility.
GBPUSD: The Cable is in the bullish mode as well, unless the price breaks the accumulation territory at 1.5800 to the downside – which is a far cry at the present. On the northward side, the price may not go further than the distribution territory at 1.6000 in this week – even this month.
USDJPY: The major pairs are currently caught in equilibrium phases, but there would be directional breakouts sooner or later. Breakouts are normally expected in the JPY pairs as well. In the USDJPY it is more likely that the price would go further downwards, but not without bullish attempts.
EURJPY: Irrespective of the current sideways movement in the chart, the bulls are still in control. This is further evidenced by the EMAs 11 and 56 (the former being above the latter), and the RSI period 14 which is positioned above the level 50. More buying pressure would lead to a clearer Bullish Confirmation Pattern.