EUR/USD
The pair toped at 1.4240 yesterday only to lose some ground for the rest of the day, and is now trading around 1.4190. The hourly charts are very bullish and the daily studies support the bullish notion. Oscillators show that a touch at the 1.4240 again is quite imminent, and a breach beyond will validate another bullish move to the 1.4300 area.
GBP/USD
The cable has been trading in a range for a while now, and the 4 Hour chart is showing a horizontal channel which indicate that there isn’t a clear signal as to the cable’s direction. The daily chart is floating in neutral level, and a slight bullish signal is coming from the bottom barrier of the 4 Hour channel. A preferable strategy might be to wait for a stronger signal before entering the market.
USD/JPY
There is a clear and strong uptrend forming on the 4 Hour chart with a very strong momentum as supported by the RSI and slow stochastic. The daily chart is showing that there is still more room to run and that the break is very close as we saw 4 consecutive doji’s on the daily chart. Next target price should be around 118.00.
USD/CHF
After shortly testing the 1.1880 area, the pair has corrected a bit back to the 1.1800 zone. The 4 Hour chart is showing bullish signals again and the daily chart’s RSI and slow stochastic are floating on the 50 levels which indicates that we might see the pair hitting 1.1900 before the weekend. A break back below the 1.1780 will validate a deeper correction down.
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