The EUR/JPY cross, which is now one of the strongest trending among the majors, moved upwards by 400 pips last week. The price is now close to the supply zone at 137.00, and it is possible that the supply zone would be breached easily when the market opens. The next targets for this week are located at the supply zones of 138.00 and 138.50.
This pair did not trend directionally yesterday because there was no steam in the market. A breakout to the upside or to the downside is anticipated today, which would most probably favor bulls. When this happens, we would see the price aiming for the resistance line at 1.1400.
The USD/CHF did not produce any significant movement on Monday, owing to the lack of momentum in the market. There would be a breakout to the upside or to the downside today that is likely to push the price above the resistance level at 0.9800 or below the support level at 0.9600. When a breakout does occur, it would probably favor bears. Nevertheless, a strong trend is needed for this to happen.
This currency trading instrument did not move so much on Monday. With further bullish attempts, the distribution territories at 1.5500 and 1.5550 would be attained this week. After all, there is a Bullish Confirmation Pattern in the market
This pair moved largely sideways on Monday. There is supposed to be a breakout any day this week, which would make the price go above the supply level at 122.00 or below the demand level at 120.00. By then, there would be a directional movement in the market.
The EUR/JPY got corrected downwards by at least 100 pips yesterday. However, there is still a bullish outlook on the market, which cannot be violated as long as the price stays above the demand zone at 134.50. This would require a strong bearish trend to happen, which does not exist right now
In spite of the consolidation to the downside, there is a (threatened) Bullish Confirmation Pattern in the chart, which may be rendered ineffectual in case the support line at 1.1150 is violated. On the other hand, we may see bulls making further bullish attempts
This pair is still in a consolidation mode. There would be a breakout to the upside or to the downside today, pushing the price above the resistance level at 0.9800 or below the support level at 0.9600. When a breakout does occur, it would probably favor bears. Nevertheless, a strong trend is needed for this to happen.
The cable moved yesterday downwards slightly going below the distribution territory around 1.5350. The price might go above the distribution territory again or test the accumulation territory of 1.5300. Only a movement below the accumulation territory at 1.5200 could trigger a new bearish signal.
This pair moved largely sideways on Tuesday. A breakout could take place any day this week, which would make the price go above the supply level at 121.00 or below the demand level at 119.00. By then, there would have been a directional movement in the market.
