#EURUSD
It appears that an attempt will be made to develop a bullish correction and test the resistance area near 1.0475. Where should a price rebound down and an attempt to extend the currency pair's fall in the market to the area below the level of 1.0115 be considered? In the Forex market, a test of the descending trend line on the relative strength index (RSI) will favor the instrument's decline. A strong rise in quotes and a break of the level of 1.0785 will cancel the option of falling the EUR/USD pair. This will signal a breakdown of the resistance area and a continuation of the currency pair's rise on the Forex market to the area above the level of 1.1065.
#GBPUSD
Shows that a test of the resistance area about 1.2235 is in order. Then a continuation of the downward trend with a goal near 1.1865. A test of the resistance line on the relative strength index will be another indicator in favor of the British Pound's decline (RSI). A big rise in the Pound versus the US Dollar and a break through the 1.2385 mark will cancel the fall option. This indicates that the Forex pair will continue to increase, with a potential objective of 1.2645.
#USDJPY
Shows that a test of the resistance area about 1.2235 is in order. Then a continuation of the downward trend with a goal near 1.1865. A test of the resistance line on the relative strength index will be another indicator in favor of the British Pound's decline (RSI). A big rise in the Pound versus the US Dollar and a break through the 1.2385 mark will cancel the fall option. This indicates that the Forex pair will continue to increase, with a potential objective of 1.2645.
#NZDUSD
Suggests that a test of the resistance area near 0.6295 is in order. Where could we expect the quotations to continue sliding towards the 0.6085 level? A test of the trend line on the relative strength index will be another indicator in favor of the downturn (RSI). A substantial price increase and a breakdown of the level of 0.6445 will cancel the option of the NZD/USD pair falling. In this case, we could expect the pair to increase further, with a potential objective above 0.6765.