EUR/USD: This is a bull market and it is understood that it would not go in a straight line. The price is projected to go northwards. There is now a temporary pullback on the EUR/USD, but there is a target at the resistance level of 1.3700. The support level at 1.3600 is a ready hurdle to any southward attempt.
USD/CHF: This is a bear market and it is understood that such would not go in a straight line. The price is projected to go southward. There is now a temporary pullback in the market, but there remains a target at the support level of 0.8900. The resistance level at 0.9000 is a ready hurdle to any northward attempt.
GBP/USD: Here, it remains logical to project the distribution territory at 1.6500 as the target for this week. Yes, this remains the target as long as the price is above the EMA 56. However, it must be mentioned that the bullish outlook on the market could be jeopardized, should the price cross the EMA 56 (and simultaneously, the accumulation territory at 1.6400) to the downside.
USD/JPY: Should one be bullish or bearish on the USD/JPY? In spite of the perceived weakness in the pair, the sensible thing to do is to be bullish, for the bullish signal on it is yet to be violated. Only the price movement below the demand level at 102.00 would render the possibility of a northward journey invalid.
EUR/JPY: This bullish cross once challenged the supply zone at 140.00 before its current southward correction. It is assumed that the supply zone would be breached again, and the market could soon be trading above it.
