EUR/USD: Here, the market is volatile. It is not uncommon for the price to experience some pullbacks, only to go upwards again in tandem with the dominant bias. A good example of this fact happened last Friday. The EUR/USD is bullish and the pair would soon test the resistance line at 1.3900.
USD/CHF: This is a market that goes in opposition to what the EUR/USD is doing. It is going downwards, trading below the resistance level at 0.8800. The next target is at the support level of 0.8750. Should the price succeed in breaching the support level to the downside, another support level at 0.8700 would be targeted.
GBP/USD: The Cable is also bullish, having gone upwards since the beginning of April 2014. The distribution territory at 1.6900 has been tested for several times. It would be tested again and possibly get breached to the upside. There is an immediate accumulation territory at 1.6850.
USD/JPY: This currency trading instrument has been proving difficult for some time now. Bullish and bearish indications have been short-lived, and therefore, short-term targets could be employed. At the present, the price is trying to bounce upwards after testing the demand level at 102.00 (and failing to close below it). The supply level at 102.50 needs to be breached to the upside before there could be an established northward scenario.
EUR/JPY: In spite of accessional pullbacks, this cross has been able to maintain the bullish bias on it. Bearish pulls have so far been rejected: the price could reach the supply zone at 142.00 and break it to the upside.
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