EUR/USD: This pair opened with a minor gap this week and merely fluctuated on Monday, without any directional movement. The outlook on the pair is bearish, and further southward movement could be witnessed this week, which would enable the price to reach the support lines at 1.0950 and 1.0900.
USD/CHF: Last Friday, the USD/CHF price went upwards by 250 pips, before getting corrected by 100 pips. Further bullish effort was seen yesterday, which would remain in place as long as the EUR/USD is weak. The movement on this market this week would be largely determined by whatever happens to the EUR/USD. A continuous southward journey on the EUR/USD could result in a sustained rally on the USD/CHF.
GBP/USD: On Friday, June 24, 2016, the GBP/USD experienced its strongest bearish movement in recent years. The price dropped by 1700 pips, reaching the low of 1.3230. The price has gone further south by 500 pips this week, following the open of the markets, which caused gap-downs in most cases. The outlook on the GBP/USD is bearish, and this is true of other GBP pairs. The price could fluctuate further southwards.
USD/JPY: This currency trading instrument merely went flat on Monday, in the context of a downtrend. A breakout must happen before the end of this week, which would enable the price to reach the demand levels at 101.50 and 100.50; since there is a strong Bearish Confirmation Pattern on the chart.
EUR/JPY: What has happened to this cross so far is quite similar to what has happened to the USD/JPY. There is a bearish outlook on the market, and it is possible that the price would go further downwards, to test the demand zones at 111.50 and 111.00.
