EUR/USD: There is a bearish signal on EUR/USD with a Bearish Confirmation Pattern in the market. This is in accordance with the forecast for this week, for price could go downwards by over 200 pips within the next few days. Some weakness could also happen on certain EUR pairs.
USD/CHF: There is a bullish signal on USD/CHF with a Bullish Confirmation Pattern in the market. This is in accordance with the forecast for the week, for price could go upwards by over 200 pips within the next few days. The EUR/USD pair would go down and help USD/CHF upwards. CHF is also expected to be weak versus USD.
GBP/USD: The Cable is currently showing some weakness, and further bearish movement is possible as price goes into the accumulation territories at 1.2700, 1.2650, and 1.2600. Unless the distribution territory at 1.3000 is breached to the upside, any rallies in this market should be ignored.
USD/JPY: There is a clean bullish signal on USD/JPY. Price went higher on Monday and it is now above the demand level at 111.50. More bullish movement is anticipated as price goes towards the supply level at 112.00. The supply level could even be exceeded before price later turns bearish before the end of this month.
EUR/JPY: This cross has gone upwards by 55 pips this week, having gone upwards by 200 pips since June 15. There is a Bullish Confirmation Pattern on the 4-hour chart, and a further bullish movement is possible as price goes towards the supply zones at 125.00 and 125.50.
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