EUR/USD: The EUR/USD pair is still making attempts to go further upwards, while the bias in the market remains bullish. The price is testing the resistance line of 1.0900, and in case the resistance line is breached to the upside, the resistance line of 1.0950 would be the next target, which might be easily attained by bulls.
USD/CHF: This pair is still in a strong bearish mode. The EMA 11 is below the EMA 56 while the Williams' % Range period 20 is often in the oversold territory. At this junction, any upwards slopes of the Williams' % Range should be interpreted as short-selling opportunities. Yes, the USD/CHF pair is under pressure at the moment.
GBP/USD: Since testing the distribution territory of 1.5150, the GBP/USD pair has gradually come down. In fact, there is a "sell" signal in the market, just in line with the bearish expectation on GBP pairs. It is possible that the market would continue going downwards with further 150 pips this week.
USD/JPY: This pair is yet to make any significant moves. There are short-term upswings and downswings in the market, which made the market condition great for scalpers and intraday traders. The bias is neutral and it may continue as such until there is a movement of at least 200 pips upwards or downwards.
EUR/JPY: Following the great bullish breakout last week, this cross first traded sideways on Monday and then made an attempt to continue moving upwards on Tuesday. Since there is now a clear Bullish Confirmation Pattern in the market, it is easy for the price to continue journeying northwards. One reason for this expectation is the bright outlook for JPY pairs.
