EURUSD: Last week the EURUSD pair moved up significantly closing at 1.3161. On the chart it has indicators which are giving clean bullish confirmation. This bias may continue this week. If it is true, the pair will reach the resistance line at 1.3200, though the RSI 14 period that has gone into the overbought area, which signifies the possibility of a pullback.
USDCHF: This pair plummeted last week, closing at 0.9168. All indicators on the chart point to a bear market. The fact that the RSI period 14 is now in the oversold area can bring about a probable short-term rally, yet the southward outlook is expected to continue. If it is true, the price will reach the support level at 0.9100 this week.
GBPUSD: The cable was volatile last week, though to the upside. It moved up by more than 140 pips, with the indication on the chart supporting buyers’ supremacy. The price is above the distribution zone at 1.6150 and can reach the zone at 1.6200, especially with the continuation of the current outlook.
USDJPY: The USDJPY pair trended strongly last week. But it gave up some of that week’s gain in a bearish correction that occurred last Friday. However, the northward outlook is still valid, and the trend ought to go on this week. The supply territory at 83.00 may halt further bearish attempts.
EURJPY: This cross moved up by more than 350 pips last week, and it closed at 109.90. The bullish outlook is still valid, but right now the price is having some difficulty in penetrating the supply zone at 110.00 upwards. If this attempt proves to be possible, the price will reach the supply zone at 111.00 this week.
