EURUSD: There was a rally in the context of a downtrend on Friday, as further bearish run was rejected at the support line at 1.3000. The rally is not expected to go above the resistance line at 1.3100, which could be a good level to sell. The market remains bearish.
USDCHF: There was a pullback in the context of an uptrend on January 4, 2013. Further rally was rejected at the resistance level of 0.9300. The pullback may not go below the support level at 0.9200; a barrier that should thwart further bearish pull. The outlook here remains bullish.
GBPUSD: Last Friday, the price on the Cable bounced up before it could reach the accumulation zone at 1.6000. Since the major bias is bearish, the price is not expected to rise above the distribution zone at 1.6100. For the downward trend to hold, the price would need to go below that psychological zone at 1.6000.
USDJPY: Generally, the USDJPY went upwards last week. That bias still remains: the price is above the level at 88.00. The price would not have any difficulty in going above the supply territory at 88.50, though there are probable pullbacks along the way.
EURJPY: The EURJPY rallied massively on Friday, gaining a considerable amount of its losses in that week. The fact is: the bullish bias is still very much intact on the price. Should the price succeed in breaking the supply zone at 116.00 to the upside, it would eventually go for the supply zone at 116.50.
