EUR/USD: EUR/USD moved upwards by close to 140 pips last week, closing at 1.3280. The bullish bias is currently vivid on the chart, as the market line at 1.3300 remains under determined siege. This market line could be possibly breached to the upside this week. And the price could go further upwards.
USD/CHF: The pair was able to breach the recalcitrant price level at 0.9300 to the downside, closing at 0.9283. The pair fell by roughly 130 pips last week, and that is the bias that would be assumed for this week – a bearish bias. Should the price continue to drop, it could reach the support level of 0.9200.
GBP/USD: The Cable was able to move upwards by a little bit above 110 pips. The price would dip a bit, only to retrace higher. There is a Bullish Confirmation pattern on the chart, and the Cable may go further upward towards the distribution territory of 1.5500. However, this would not be without occasional pullbacks.
USD/JPY: USD/JPY has gone southward, and it would go further south this week. This is a high probability since the price topped at 100.44 last week, and then fell by more than 220 pips, leading to a confirmed bearish determination. The price could breach the demand level at 98.00 to the downside and then go towards another demand level of 97.00 this week.
EUR/JPY: This currency instrument went down from the weekly top of 132.70. From this top, it fell by over 220 pips. The EMA 11 would inevitable cross the EMA 56 to the downside, leading to a vivid short indication.
