EUR/USD: This pair was bearish last week, and it has started going downwards this week. There is a strong Bearish Confirmation Pattern in the market, and there is a possibility that EUR would reach parity with USD within the next several months.
USD/CHF: The USD/CHF is still in a bullish mode. Price is supposed to continue going upwards this week, reaching the resistance levels at 1.0300 and 1.0350. The bullish outlook would be valid as long as price does not go below the support levels at 1.0050 and 1.0000.
GBP/USD: The movement on the Cable is quite similar to the movement on the EUR/USD. The outlook on the market is bearish, and this is what is supposed to continue this week (and this month). The accumulation territories at 1.2350 and 1.2300 could be targeted eventually.
USD/JPY: This is a significant bull market. There are clean Bullish Confirmation Patterns on 4-hour and daily charts. However, this does not rule out the possibility of bearish corrections in the market. Price is supposed to continue trending upwards following the correction, which should not take the price below the demand level at 115.50.
EUR/JPY: This currency cross is not attractive at the moment. There is no directional bias.... And from now on, the direction of the market would be determined by the situation surrounding the EUR. There is a possibility that price would go into a deep correction soon.
From www.instaforex.com http://ift.tt/2h7nlRN
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