Big Pippin - Babypips

Chart Analysis: What's going to happen next?
EUR/USD
The Euro still hasn't been able to do much ever since it reached the 3800 mark. Daily stochastics are still in overbought territory and with the way the Euro has been moving the past few days I think it might be time for the Euro to drop soon. Currently the Euro is trading right near 3800 and I would watch for it to drop to around 3750 sometime tomorrow.

GBP/USD
The Sterling is acting like the Yen was about a month ago. It just won't quit moving up! In fact the pair is making new 15 year highs each day. Both 4hr and daily stochastics are in overbought territory (which isn't a surprise considering the movements) so technically we should see a drop soon. The pair hit resistance at 2.0550 today and I would look for the pair to drop down to 2.0500 some time tomorrow.

USD/CHF
The Swissy is basically doing the exact opposite as the Euro. It is stuck at support at the 2000 mark and has been unable to break it for the past several days now. Daily stochastics are in oversold territory and just like the Euro, since the pair can't break support, I would expect this pair to rise in the short term. Look for the Swissy to make its way back up to 2050.

USD/JPY
The Yen has been ranging for the past few days and as a result, the Stochastics on both the 4hr and daily chart aren't really giving much at the moment. The only thing I have to go by is the fact that the 50 EMA on the daily chart has been acting as good support and if it holds true I would expect the Yen to move back up tomorrow. Currently the pair is trading around 121.86 and I would watch for it to move up to its 50 EMA on the 4hr chart at around 122.25.