EUR/USD: The EUR/USD pair has become neutral in the short and long terms. The market did nothing significant last week (plus on Monday), save testing the resistance line at 1.1250 and the support line at 1.1150. A rise in momentum would force the market to go above that resistance line or below the support line, which may happen this week.
USD/CHF: This pair is making some bullish attempt, which has triggered a new "buy" signal in the market. Although price may not trend upwards significantly, the resistance levels at 0.9750 could be tested and breached to the upside. A strong buying pressure is needed for the resistance level at 0.9800 to be reached.
GBP/USD: Following the volatility contraction that was seen on the Cable last week, price trended downwards yesterday in tune with the dominant bearish bias. Price went down by 100 pips yesterday and it could go further south today. Any rallies here would be transitory in nature and would bring good opportunities to sell short.
USD/JPY: By all indication, it is logical to seek long trades in USD/JPY right now. Price has been making some slow and steady bullish attempt, and this has resulted in a Bullish Confirmation Pattern on the 4-hour chart, which reveals that bulls are still willing to push price further upwards.
EUR/JPY: The situation around this cross pair is similar to that of USD/JPY. Price has been making some slow and steady bullish attempts, and this has resulted in a Bullish Confirmation Pattern on the 4-hour chart, which reveals that bulls are still willing to push price further upwards.
