EUR/USD: The EUR/USD was bullish last week, and this is what is expected this week. However, there would be some serious battle around the market lines of 1.3100 and 1.3150. The pair must overcome those barriers and trend further upwards before it could continue its journey to the upside.
USD/CHF: After much struggle and hesitation, this pair was able to trade below the price level at 0.9300. It is expected that the pair would continue to trade below that level, possibly going downwards towards the support levels at 0.9200 and 0.9150 respectively. One could assume a bearish bias for this week.
GBP/USD: The GBP/USD has long shrugged off all its bearish domination. This great pair would thus continue going upwards, though there would be some turbulence along the way, as evident in the recent historical data. The bullish outlook is still valid, and the current correction is not supposed to take the price downwards below the accumulation territory of 1.5300.
USD/JPY: The USD/JPY corrected lower on Friday – nearly giving up all the last week’s gains in that market. It is now obvious that the pair would not break the supply level at 100.00 to the upside. In fact, it is even far below that level. Nonetheless, for the current outlook to be sensible, the correction ought not go below the demand level of 97.00.
EUR/JPY: This cross gave up a large chunk of its gains last week – it went upward by over 350 pips in that week, but later got corrected by more than 200 pips. The price closed at 129.01. It ought not go below the demand zone at 128.00, for the current bullish bias to remain extant.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: The EUR/USD was bullish last week, and this is what is expected this week. However, there would be some serious battle around the market lines of 1.3100 and 1.3150. The pair must overcome those barriers and trend further upwards before it could continue its journey to the upside.
USD/CHF: After much struggle and hesitation, this pair was able to trade below the price level at 0.9300. It is expected that the pair would continue to trade below that level, possibly going downwards towards the support levels at 0.9200 and 0.9150 respectively. One could assume a bearish bias for this week.
GBP/USD: The GBP/USD has long shrugged off all its bearish domination. This great pair would thus continue going upwards, though there would be some turbulence along the way, as evident in the recent historical data. The bullish outlook is still valid, and the current correction is not supposed to take the price downwards below the accumulation territory of 1.5300.
USD/JPY: The USD/JPY corrected lower on Friday – nearly giving up all the last week’s gains in that market. It is now obvious that the pair would not break the supply level at 100.00 to the upside. In fact, it is even far below that level. Nonetheless, for the current outlook to be sensible, the correction ought not go below the demand level of 97.00.
EUR/JPY: This cross gave up a large chunk of its gains last week – it went upward by over 350 pips in that week, but later got corrected by more than 200 pips. The price closed at 129.01. It ought not go below the demand zone at 128.00, for the current bullish bias to remain extant.
The material has been provided by InstaForex Company – www.instaforex.com
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