EURUSD: The EURUSD pair has been able to maintain its bullish outlook for this week, though the northward move is not that strong. It is still very much possible that the price may touch the resistance line at 1.3200 today or early next week, for the indicators on the chart are still in favor of the bullish outlook.
USDCHF: Similarly to what the EURUSD pair is doing, and in a converse manner, this pair has also been able to maintain its bearish outlook, and again, with no serious bearish dive. In the midst of the present weak market condition, it remains reasonable to assume that the price could still reach the support level of 0.9300.
GBPUSD: Overall, the cable traded sideways in the beginning of the week. Then it broke out towards the north, albeit the move was not that significant. The price was able to move upwards by more than 110 pips this week, and the tendency still remains that it would rise up towards the distribution territory of 1.5300.
USDJPY: This is a bull market (the bearish indication that was given at the end of last week proved to be bogus). The market moved upwards significantly by over 180 pips from the demand level of 99.00. The price could still go further upwards in spite of the current pullback.
EURJPY: On this market, the bullish run has been rather significant for this week, with no major bearish corrections, save for occasional, but short-live consolidations. The price was able to rise upwards by over 240 pips, topping at the supply zone of 132.00, before pulling back a little. The bullish outlook remains.
