EUR/USD: This pair closed at 1.3141, in what could be rightly termed a bullish mode. This bullish mode is expected to continue this week, reaching the resistance lines of 1.3200 and 1.3250 respectively. Along the way, normal corrections ought not take the price below the support line of 1.3000.
USD/CHF: USD/CHF is also expected to continue trading upwards this week. It closed at 0.9409 on Friday, in a southward mode. During its expected journey upwards, the price could reach the support level at 0.9300. Meanwhile, any bullish attemtps along the way ought not take the price above the resistance level at 0.9500.
GBP/USD: The Cable is also in a bullish bias. It went upwards rather tardily last week, but it may move upwards significantly this week, reaching the targets around the distribution territories of 1.5400 and 1.5450. Meanwhile, the price may not be pulled lower than the accumulation territories of 1.5100 and 1.5000.
USD/JPY: USD/JPY was able to move upwards significantly last week. The price was able to breach the strong psychological level of 100.00 to the upside. It also broke the market level at 100.50 to the upside, and the price was able to close above that level. It is expected that this bullish run would continue this week.
EUR/JPY: This currency instrument is moving upwards in a determined manner, without much bearish pressure. In this market, the bulls win, as more and more supply zones are being breached to the upside. The price closed above the market zone of 132.00, and would continue trading upwards from there this week.
