EURUSD: The EURUSD pair consolidated throughout Monday and is trying to get corrected lower today. This is understandable since there ought to be a pullback in an uptrend, though it may be a short-lived one. The price may not go below the support level at 1.2950. The bullish bias is still valid.

USDCHF: The bearish trend on the chart is still valid here. The indicators still give a strong southward possibility, and therefore, the present rally is something that should not cause a concern (for the RSI 14 period has been in an oversold region for a long time). It is not expected that the present rally goes above the resistance line at 0.9300.

GBPUSD: Despite the current equilibrium phase on the chart, there is a strong barrier to any possible bearish threat at the accumulation zone of 1.6000. The EMAs still support the bullish scenario, even as the Williams’ % Range refuses to leave its overbought territory, i.e., above – 20. A good buy level is at the 1.6000.

USDJPY: Here too, in the midst of a bullish scenario, the level at 82.00 is doing a good job in checking further bearish attempts. The ‘buy’ signal is still valid – the price is still above the EMA and the RSI still manages to stay above the level 50. A good area to go long will be at the level of 82.00.

EURJPY: When the Williams’ % Range came down from the overbought region on the 4-chart that represents this cross, it was not a surprise. There must be bearish candles in an uptrend, and that is what is being experienced right now. The uptrend on the chart is still valid. The correction is not expected to go below the demand zone at 106.00. If the price is able to break the demand zone at 107.00 to the upside, it will be a signal of the renewal of the extant scenario.