EURUSD: EURUSD has assumed a strong northward bias and the price could reach the resistance line of 1.3700 this week. This is possible because the EMA 11 has crossed the EMA 56 to the upside, while the Williams’ % Range gallivants are in the overbought territory, showing the strength of the bulls.
USDCHF: The conditions on the market are favorable to trend-followers, especially new signals and directional movements that are currently happening. For instance, USDCHF has assumed a strong southward bias and the price could reach the support level of 0.9000 this week.
GBPUSD: In this pair, we have a Bullish Confirmation Pattern. The market moved upwards by over 110 pips last week, closing at 1.6224. There is still much room for the price to go north; only there some pullbacks along the way could be, which ought not to take the price below the accumulation territory of 1.6100 in the worst cases.
USDJPY: Here the market is bullish also. Yes, this is a bull market and the price would eventually test the supply level of 102.00, even possibly overcoming it. The great psychological demand level of 100.00 would act as a long-term barrier to the bears’ effort; the price may not break that area to the downside in spite of the corrections that may happen during this bullish movement.
EURJPY: This cross trended significantly upwards last week, moving upwards by more than 200 pips before closing at 137.29 on Friday. After the bullish signal generated a few weeks ago, the market moved upwards by more than 610 pips. A great ride indeed!
