EUR/USD: The EUR/USD pair plummeted further on December 15, 2016. Price dropped briefly below the support line at 1.0400 before going above it again. This has put more emphasis on the downtrend, as the support lines of 1.0350 and 1.0300 could be targeted. A further drop is possible.
USD/CHF: The USD/CHF pair has been going further upwards since Wednesday in the context of the existing bullish outlook on the market. There is a clean Bullish Confirmation Pattern in the market. There could be bearish retracements along the way, but the bullish journey would continue, which would lead price towards the resistance levels 1.0300 and 1.0350.
GBP/USD: The Cable has dropped significantly since Wednesday. Price dropped 300 pips, moving briefly below the accumulation territory at 1.2400. Price would still go below the accumulation territory again, because the outlook on the Cable remains bearish for the rest of December. There may be a pause or consolidation along the way, but the overall bias is bearish.
USD/JPY: This is a significant bull market. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. The market would pause, trend upwards. Pause again, and then upwards again. There has been a movement of about 300 pips this week, and the outlook on JPY pairs remains bullish.
EUR/JPY: This currency trading instrument made some bullish attempt on Wednesday, and then got engaged in a bearish correction on Thursday. The bullish signal in the market is still a valid thing, and as long as price does not go below the demand zone at 120.50, the bullish signal would not be threatened.
From www.instaforex.com http://ift.tt/2gQxJx1
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