USDJPY

The Dollar/Yen 's trend is obviously down, however it managed to break an intermediate down trend and failed to break at the longer term down trend. It is now found testing the prior resistance of the intermediate down which may now act as support. A reversal from this point will signal a bullish move back towards the $93.00 levels. A break above $95.00 would suffice a larger bullish move for the pair.

EURUSD

EURUSD could be looking to form a low come the $1.3030 area. We seem to have found a potential "Three Drives to a Low" pattern. We will watch to see if the EUR starts to bottom out at these levels. Also 1.3030 is roughly a 1.618 extension. I did not draw the ratios on this chart, but an educated technician will know where to use the fib tool to check for this extension.

EURJPY

EURJPY was in a reasonably sized triangle for quite some time (noted by the green arrow) only to find a break to the downside. It was obvious to short the pair on its break. The break to the down side opened new possibilities for the charts direction. That being said we may have found a potential Head and Shoulders pattern (labeled by SHS on the chart) starting to form. If the reversal occurs we may see this pair soar above the $131.00 price zone which will also indicate a strong break above the larger down trend(noted by the red arrow). Bias wil change if the price falls below $116.00.

EURGBP

EUR/GBP has made a great run to the bullish side over the last few weeks. However, we recently experienced a drastic pull back. Taking a close look at the pairs mid term support level we see a Doji formed at the level of support on the 8hr chart, which is a sign that a potential reversal will occur next week. In addition the chart seemed to find itself forming a the Doji on support and a 61.8% retracement, which is another great sign of a potential reversal next week.