major currencies

chf
The sideways pattern remains on the medium term yet on the short term it seems like the pair is slightly inclining in correctional movements. However, indicators show the the consolidation pattern in the short term is biased towards the downside. In all cases, today we might see an attempt towards the upside between the medium term range. The trading range is seen among 1.0035 support levels and 1.0320 resistance levels. The general trend is to the upside as far as 1.0010 remains intact with targets at 1.0725 and 1.0860 

jpy
The pair's decline failed to break the key support of the upside channel in the medium term. Today, the pair is expected to re-test the resistance levels at 106.85 and 107.10 even if the pair attempts to breach the support level once again. The trading range is seen among 105.80 support levels and 107.65 resistance levels. The general trend is to the upside as far as 103.00 remains intact with targets at 109.90 and 113.24

gbp
The pound appreciated yet lacked enough strength to successfully breach the key resistances. From here we believe that the pound will return to lower support levels in correctional movements to gather momentum and reverse to the upside. Trading above the 1.9835 level will provide the currency with the strength to continue the bullish trend yet trading below it will result in sideways consolidation on the medium term. The trading range is seen among 1.9745 support levels and 1.9975 resistance levels. The general trend is to the downside as far as 2.0460 remains intact with targets at 1.9267 and 1.9053

euro
The bullish direction in the short term for the Euro is still valid where we also see it on the medium term after breaching the 1.5835 level and closing above it. If trading remains above the mentioned level, the trend will extend to the upside. Momentum indicators however show the currency in an over bought area yet we expect the pair to exit this area today. The pair is targeting the 1.6018 level represented by the Fibonacci extension at 138.2% as fas as 1.5790 remains intact or better yet, to hold above 1.5835. The trading range is seen among 1.5760 support levels and 1.6090 resistance levels. The general trend is to the upside as far as 1.4900 remains intact with targets at 1.6178 and 1.6405