EURUSD: The EURUSD pair is weak. We expected to continue this week. The price is resting at the support line of 1.2700. If the price succeeds in breaking that line to the downside, the next target will be 1.2650. The nearest resistance line is 1.2750.
USDCHF: This pair is currently strong and there is a tendency for it to continue. The resistance level at 0.9500 is currently under siege. If the market breaks it to the upside, the next point of struggle for the bulls will be the price level at 0.9550. There is a near-term support level at 0.9450.
GBPUSD: In spite of some recent volatile equilibrium phases, the GBPUSD pair is bearish. This market fell by more 140 pips last week, closing at 1.5897. Right now, the market is around the accumulation zone of 1.5900. When the price breaks it downwards, it will head for the accumulation zone at 1.5850.
USDJPY: After much hesitation, the recently strong USDJPY gave way to the bearish pressure – yielding to gravity. Below the EMA 56, the price has fallen by more than 80 pips. Right now, the pair is between the supply territory of 80.00 and the demand territory at 79.00. A break above or below one of these territories will determine the next target in the price.
EURJPY: The EURJPY pair fell by roughly 200 pips last week. Thus, the cross is strongly bearish, as all indicators show. Right now, the price is making an attempt to rally above the zone at 101.00. It is probable that it can give an opportunity to sell high in this downtrend.