EUR/USD: Bulls have been making sincere effort to push the price upwards since last week. There is now a Bullish Confirmation Pattern in the chart, which would become stronger as the price manages to cross the resistance line at 1.2600 to the upside, closing above it. The EMA 11 is above the EMA 56, and the Williams’ % Range period 20 is not too far from the overbought region. The price could become stronger.

USD/CHF: There is now a Bearish Confirmation Pattern in this market, which would become stronger as the price manages to cross the support level at 0.9550 to the downside, closing below it. Any movement below the support level at 0.9550 would mean the beginning of a nice bearish run.

GBP/USD: Despite the stubbornness of bulls, the dominant bias is bearish. The Bearish Confirmation Pattern in the chart would be valid as long as the price is under the distribution territory at 1.5800.

USD/JPY: The outlook on this pair is also bullish – as it is true for most other JPY pairs. The recommended trading approach would be a buy-on-the-dip one. This pair would continue going upwards till it tests the supply level at 119.50.

EUR/JPY: There is now a shallow pullback on the EUR/JPY (which has moved upwards by over 400 pips this week). The pullback gave a good opportunity to go long when the price was temporarily lower in the context of an uptrend – for the price is bound to trade higher. The next target is at the supply zone of 150.00, which would be attained this week or next week.