EUR/USD: There is now a clean Bearish Confirmation Pattern in this market. Price has gone down almost 200 pips since August 26, 2016, and it is supposed to continue going further downwards, reaching the support lines at 1.1100 and 1.1050 today or tomorrow. Any rallies that are seen here should be taken as opportunity to go short.
USD/CHF: There is now a clean Bullish Confirmation Pattern in this market. Price has moved upwards by over 240 pips since August 22, 2016; and it is supposed to continue going upwards, reaching the resistance levels at 0.9900 and 0.9950. Price is now above the support level at 0.9850.
GBP/USD: The Cable has recently gathered some stamina, which has brought about a new bullish signal in the market. It would be remembered that the recent bias on the market is bullish in the short term and bearish in the long term. Price has gone upwards 140 pips today, now above the accumulation territory at 1.3200 and testing the distribution territory at 1.3250. Further northward movement is possible.
USD/JPY: The USD/JPY cross has continued the bullish journey it started on August 26, 2016. Since then, price has gone upwards 330 pips, now testing the supply level at 103.50. The next target for bulls are located at the supply levels of 104.00 and 104.50. Unless there is a significant stamina in the JPY, those targets would be attained this week or next.
EUR/JPY: The EUR/JPY cross has continued the bullish journey it started last Friday. Since then, price has gone upwards 220 pips, now above the demand zone at 115.00. The next target for bulls are located at the supply zones at 116.00, 116.50 and 117.00. These targets remain rational until there is a considerable amount of stamina JPY.
