EUR/USD: This is a weak market and the price is currently experiencing some serious volatility as a result of a serious struggle between the bull and the bear. A break above the resistance line at 1.3400 could render the bearish outlook useless and a break below the support line at 1.3350 could renew the bearish outlook.
USD/CHF: This is a strong market, but the northward journey on it has been limited as a result of the grave struggle between the bull and the bear. The bear wants to push the price south, but the bull has been able to maintain their stand. As long as the price is not able to breach the great support level at 0.9000 to the downside, the bullish outlook would continue to make sense. The price ought to go back towards the resistance level at 0.9100.
GBP/USD: This is a bearish currency trading instrument; plus the price has been able to go further bearish this week. The next target to be tested is the accumulation territory at 1.3300. However, that does not rule out a possibility of fleeting rallies along the way.
USD/JPY: There is a bullish signal on the USD/JPY. The price has a possibility of reaching the supply level at 103.00. In the meantime, the demand level at 102.00 should act a barrier to any bearish attempts.
EUR/JPY: There is a grave threat to the recent bearish bias on this market, since the Yen has started showing some signs of weakness. Should the price close above the supply zone at 137.50, it would mean the beginning of a new bullish outlook.
