/

EUR/USD closed higher due to short covering on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. Closes below Thursday's low crossing would temper the near-term friendly outlook in the market. If it renews this month's rally, October's high crossing is the next upside target.

/

USD/JPY closed higher on Friday as it consolidates above the 20-day moving average. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bullish signalling that additional gains are possible. If it extends this week's rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.

/

GBP/USD closed higher on Friday as it consolidated some of Wednesday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bearish hinting that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it renews this month's rally, August's high crossing is the next upside target.

/

USD/CHF closed higher due to short covering on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, October's high crossing is the next upside target. Closes below Thursday's low crossing would confirm that a short-term top has been posted.