By: Investija
EURUSD
Candles remain between support and resistance levels, while support level stays active – bulls have more options at current situation. Bulls have strong potential to reach resistance once again. According to previous moves, resistance was too strong for bulls. For now further bouncing is expected with buying possibilities.
USDJPY Technical analysis
Even though bulls jumped above support, bears are still in better shape. However, despite all these actions, trend is not formed – neutral area is valid. Current situation is not very clear, waiting option still remains.
USDCHF Technical analysis
Bearish situation is valid for this pair, however after a breakout of support level, this pair might calm down now. This action can create low trading range, for now waiting is better option. Bears are not celebrating yet about their position.
GBPUSD Technical analysis
This pair can rebound back to resistance one more time, the same situation occurred yesterday – sharp bearish candle and then slowly movement to the top side. Despite all bulls attempts to reach resistance, bears overcome bulls easily. For now buying options are better to take.
