EUR/USD: The bias is neutral in the near term, just like in the USD/CHF pair. It might be wise to stay away from this market now. But a breakout to the upside or to the downside is likely to lead to a Bullish Confirmation Pattern or a Bearish Confirmation Pattern in the chart.
USD/CHF: The bias is neutral in the near-term because the pair has not performed any strong directional movement in recent times. There are short-term upswings and downswings in the market, but a predictable directional movement is anticipated this week or next week, which would most probably favor bears.
GBP/USD: The cable has found strong support around the accumulation territory of 1.4150, and as a result the market has begun to consolidate. This is a normal pause in the context of a strong downtrend, and when another movement resumes, it would most probably be in favor of bears. Fundamental figures, which are due to be released today, could have some impact on the market.
USD/JPY: This pair has already tested the demand level of 116.00. The demand level could be tested again and if that happens, the price is likely to continue trending further downwards south towards another demand level of 115.50. The price is under the EMA 56 and the RSI period 14 is under the level of 50, which means bears have an upper hand at the moment.
EUR/JPY: This cross moved lower, following a bullish attempt we saw yesterday. The lower movement is in conjunction with the dominant bearish bias in the market, which means that the bullish effort we saw was a good opportunity to go short. The price could reach the demand zone around 126.50.
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