EURUSD: The EURUSD pair is still in a bearish mode. The price is below the EMA 56, and the RSI 14 is below the level 50, though the latter appears to be heading up. The price has retraced above the market level at 1.2700 – something that would possibly be rejected at the resistance level at 1.2750.

USDCHF: This pair is still in a downward phase – in spite of the current pullback. The RSI 14 has attempted to cross the level 50 to the downside, though the price is still above the EMA 56. Since further bullish run was rejected at the resistance level at 0.9500, the price has retraced lower, nearing the resistance level at 0.9450.

GBPUSD: The rally on the cable is negligible. It will be significant only on very small timeframes like 1-minute or 5-minute charts. The price is still below the EMA 56, hovering between the levels at 1.5900 and 1.5850. A break above either of this level will determine the next direction.

USDJPY: No matter what happens on USDJPY, the ‘sell’ signal is still extant here. The only thing that can render it useless is when the price crosses the EMA 56 to the upside and closes above it. Until then, any rally would be considered to be a good shorting chance. Right now, the price has some difficulty in breaching the supply territory at 79.50 to the upside.

EURJPY: Yesterday, the EURJPY touched the demand zone at 100.50 and traded upwards, because further bearish effort was rejected at that zone. The market has traded upwards, looking forward to the supply zone at 101.50, though it is not likely that the zone will be breached. The bearish trend is yet present.