EURUSD: This pair saw some significant bullish move last week. It moved up by more than 300 pips – something that could have made buyers to smile. The bullish scenario is expected to continue this week. The next price target would easily be the resistance line at 1.3400.
USDCHF: The USDCHF pair plummeted seriously last week; by close to 160 pips. It is still expected that the bearish plunge will continue, given the weakness in the USD. The next price level that would be reached this week is at the support level at 0.9100.
GBPUSD: Unlike the euro, the cable is not that strong versus the greenback. Some bleak economic outlook might be responsible for this. Overall, the cable was bullish last week, but not significantly. With some luck, perhaps the cable could rise up a little bit more, especially if the euro is also bullish this week.
USDJPY: Far beyond expectations, the USDJPY pair continues to break one supply level after the other – to the upside. Well, there is no end in sight for this outlook. If this outlook holds out long enough, the market might reach the supply zone at 90.00 this week.
EURJPY: Like most other JPY pairs, the EURJPY pair was also involved in some noteworthy northward outlook. The cross seems to be determined to go on being bullish, so the ultimate target for this week is at the supply zone around 119.50. Since the cross moved up by more than 450 pips last week, this target is not far-fetched.
