EUR/USD: Since January 10, this pair has gone upwards by 470 pips, leading to a clear Bullish Confirmation Pattern in the 4-hour chart. The resistance line at 1.2400 has been tested and it is almost being breached to the upside. The next targets would thus be the resistance lines at 1.2450 and 1.2500.

USD/CHF: Since January 10, the USD/CHF has gone downwards by 380 pips, leading to a clear Bearish Confirmation Pattern in the 4-hour chart. The support level at 0.9450 has been tested and it is almost being breached to the downside. The next targets would thus be the support levels at 0.9400 and 0.9350.

GBP/USD: The GBP/USD has gone further upwards, exceeding our initial targets for this week. Since the price has gone upwards by 390 pips in this week alone, it is expected that it would go further upwards, reaching the distribution territories at 1.4300 and 1.4350. Some fundamental figures are expected today and they may have an impact on the markets.

USD/JPY: The market is bearish. Since the second week of January, the market has gone downwards by 390 pips, now below the supply level at 109.50. The EMA 11 is below the EMA 56, and the RSI period 14 is below the level 50. The market is still expected to go further and further southwards.

EUR/JPY: The EUR/JPY cross essentially consolidating, oscillating between the supply zone at 136.50 and the demand zone at 135.00. The market is neutral in the short-term, but bullish in the long-term. The neutrality in the market could continue until a rise in volatility puts an end to it, resulting in a directional movement.