EUR/USD: The bearish bias on this pair is still present. As it was commented earlier, the shallow rally in the market was a great opportunity to sell short again. This is exactly what happened; the price has turned bearish again, now besieging the support line at 1.3600. The support line may thus be breached to the downside.
USD/CHF: Reluctantly and slowly, this market is moving close to the resistance level at 0.9000. The market has been making attempts to achieve this for the past two weeks, and now, the probability that the target would be achieved is very high. Once the resistance level is tested repeatedly enough, it may give way and allow the price to go towards another resistance level at 0.9050.
GBP/USD: This is a bear market also, with a confirmation of the bearish bias. The Cable is trading below the distribution territory at 1.6800. The location of the battle is currently at the price territory at 1.6750. This is the price territory from which it is expected that the price may dive further and retest the accumulation territory at 1.6700. This week would see whether the accumulation territory would be breached to the downside.
USD/JPY: On Monday, the USD/JPY broke upwards significantly. The supply level at 102.50 is an easy target for the bulls. The target would be breached to the upside as the price goes towards another supply level at 103.00. Yes, the Bullish Confirmation Pattern in the chart gives the confidence that the price may continue going upwards.
EUR/JPY: There is a vivid downtrend on this cross; plus the current rally is simply a good point to open another short trade, unless the price crosses the supply zone at 139.50 to the upside.
