Today's daily charts for EUR/USD, USD/JPY and USD/CHF
|EUR/USD Daily
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Three pinbar candles have marked prominent reversals.
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Yesterday’s inside day shows the market is under compression.
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1.1610 may prove pivotal over the near-term as it could be the difference between a swing high or a bullish breakout.
USD/JPY Daily
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Finding support at the March trendline, USD/JPY sits at a technical juncture.
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With little signs of mean reversion since the 114.55 high, an initial bounce from current levels seems feasible.
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A break of yesterday’s low warns of a change in trend.
USD/CHF Daily
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Since breaking its retracement line, a bull flag is forming as part of a low volatility retracement.
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Look for prices to stabilise above the 20 day average / retracement line.
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Momentum from the 0.9542 low suggests a break to new highs.
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