EUR/USD: The market still consolidates, but it can be seen clearly that the bearish bias on the market remains rational. At the time of writing this analysis, the price was trading below the resistance line at 1.3600. It may be easy for the price to go further downwards towards the support line at 1.3550.
USD/CHF: The price was almost going bearish when the bulls pushed up the USD/CHF price again, which once more resulted in a Bullish Confirmation Pattern in the chart. This time around, the market may probably reach the long-term target at the resistance level of 0.9000. After all, the target was challenged last week, but the price failed to close above it. The price may succeed in closing above it this week.
GBP/USD: Surprisingly, and in contrast to what its EUR/USD counterpart is doing, this market remains bullish. The price needs to close above the distribution territory at 1.6850, so that the bullish run could continue.
USD/JPY: The USD/JPY is still bullish, but the price needs to close clearly above the demand level at 102.50. The movement above that level has to be sustained so that the current bullish outlook can continue to make sense.Should the bullish attempt continue, the supply level at 103.00 could be tested. On the other hand, the price could drop towards the demand level at 102.00 – something that could put the bullish outlook in jeopardy.
EUR/JPY: So far this week, this market has pulled back. The pullback may not take the price below the demand zone at 139.00. This is an area where the market may possibly rally again.