EUR/USD: There is a Bullish Confirmation Pattern in the EUR/USD 4-hour chart (for the price has managed to avert a strong bearish movement this week). Price is thus expected to keep going upwards, reaching the resistance lines at 1.1950 and ultimately, 1.2000. Some opposition would be met at the resistance line at 1.2000, but that does not mean it could not be breached to the upside.

USD/CHF: This pair has been unable to generate any meaningful and sustainable bullish signal in the market because the bullishness in the EUR/USD keeps pushing the USD/CHF down. The rally in the context of a downtrend – which started this week – has been halted. There is a high probability that price would from here, reaching the support levels at 0.9800 and 0.9750.

GBP/USD: The GBP/USD has gone upwards seriously. The recent persistent bullish movement has paid off, and the price has gained 460 pips since November 13. The distribution territory at 1.3350 is currently being approached, and it would soon be breached to the upside.

USD/JPY: A bullish bias has been brought about on the USD/JPY, for the price has gone upwards by 160 pips since it tested the demand level at 111.00. The EMA 11 has crossed the EMA 56 to the upside and the RSI period 14 has crossed the level 50 to the upside. Further bullish movement is thus anticipated in the market.

EUR/JPY: As it was forecasted, this cross has gone upwards seriously; especially in the last two trading days. There is a strong Bullish Confirmation Pattern in the market. The demand zones at 133.00, 133.50 and 134.00 have already been overcome. Now, the price would easily target the supply zones at 135.00 and 135.50 today or early next week.