EUR/USD: This is a bear market – it has been so for several weeks. The price successfully challenged the market line at 1.3550 and closed below it. What remains is for the price to go towards the support line at 1.3500. This support line was almost tested last week: it might be tested this week.
USD/CHF: The USD/CHF tested the resistance level at 0.9000 last week. It has also tested it this week, and it is expected to break the resistance level to the upside so that the uptrend can continue. The resistance level is a great psychological area, but the price has to close above it and trend further upwards; otherwise a reversal is imminent.
GBP/USD: Because of the failure to go further upwards, and because of the failure to maintain its position above the distribution territory at 1.6800, the price has dived below the distribution territory. It has tested the accumulation territory at 1.6750, which has a high probability of being breached to the downside. The probability is high as a result of the presence of the Bearish Confirmation Pattern in the chart.
USD/JPY: The bullish bias on this currency trading instrument is precarious. There is a threat on it, for the RSI period 14 is under the level 50. When the price breaks below the demand level at 102.00, the bullish bias would have been rendered useless. Otherwise, the price would go upwards and the RSI period 14 would revert above the level 50.
EUR/JPY: There is already a clean ‘sell’ signal in this market. The EMA 11 has crossed the EMA 56 to the downside, and the RSI period 14 has gone below the level 50. The price should go further downwards below the demand zone at 138.50.