EUR/USD
The EUR/USD cross has been experiencing much bullish behavior in the past 3 weeks. However, there is technical data that supports a bearish move for today. The RSI on the daily and 4-hour charts indicates that the pair floats in overbought territory, leading to the conclusion that a downward correction is imminent. Going short with tight stops may turn out to pay off today.

GBP/USD
The price of this pair appears to be floating in overbought territory and the daily chart's RSI indicates a downward correction may be imminent. The downward direction on the hourly chart's Momentum Oscillator also supports this notion. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.

USD/JPY
The USD/JPY cross has experienced bearish movement for the past 2 weeks, however it seems that this trend may be coming to an end. The RSI of the daily chart shows the pair floating in the over-sold territory, indicating that an upward correction will happen soon. Going long with tight stops might be a wise choice.

USD/CHF
The cross has been dropping for the past month now, and it now stands at the 0.9770 level. However, the weekly chart's RSI is already floating in oversold territory indicating that a bullish correction may take place in the near future. Going long with tight stops may turn out to be the right choice today.

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