EURUSD: The EURUSD pair moved upwards slowly and steadily, in spite of the equilibrium phase that was seen earlier this week. The EMA 11 is above the EMA 56, while the RSI period 14 is above the level 50. Right now, the price is trying to push against the resistance line at 1.2900 and it will need to break it above before the upward journey can continue.

USDCHF: The USDCHF pair has fallen by more than 100 pips this week. The EMA 11 is below the EMA 56, as the RSI period 14 is below the level 50. The price has almost breached the support level at 0.9350, and it will possibly go down lower, reaching another support level at 0.9300.

GBPUSD: Given the weakness of USD and the fact that GBP is not that hopeless, this pair broke out reluctantly from its recent range. There is a bullish signal in place; looking at the position of the EMAs and the price. Even the Williams’ % Range dropped down a bit from the overbought region and is now heading upwards. The price is having some challenge staying around the price zone at 1.5950. If it is broken upwards, the distribution zone at 1.6000 will be the next point of call.

USDJPY: On the USDJPY pair, both the last week and this week have been bullish, except for the present temporary pullback. This is no surprise, since it was anticipated. The RSI 14 had been above the level 70 (overbought region) for a long time. It is expected that the demand territory at 82.00 should check any further bearish threat; and that will be a good purchasing area.

EURJPY: Speaking about this cross, there is a pullback but it could be consideres as something negligible. As it was forecasted, the price reached the zone at 106.00 and began to hover. The bullish signal is still in place, and the Williams’ % Range is still in the overbought region. Today the price moves in the next direction but it could go to the supply zone at 106.50.