EURUSD: The fundamentals have clearly had positive impact on EUR/USD – either directly or indirectly. The pair continues to trend upwards in a slow and steady manner, rejecting any bearish threats along the way. It is expected that the price would soon be trading above the market line of 1.3350.
USDCHF: This pair is also in the bearish mode – moving downwards in a slow and steady manner. Currently, there has been a weak rally which can eventually lead to the advantage of selling at an appropriate price. It is either the price would test the support level of 0.9200 or trade below it.
GBPUSD: This pair suddenly became volatile yesterday, touching the accumulation territory of 1.5200 and then skyrocketing from there (by at least 300 pips). This is a great victory for the bulls; although the bulls with tight stops could had been stopped out before the market had the chance to move in their favor.
USDJPY: This instrument remains in the bearish mode – serious bearish mode. The southward determination is highly conspicuous to the extent of making the present bullish retracement a good sell-short opportunity. The present northward correction would be contained at the price levels of 97.00 and 97.50 respectively.
EURJPY: EURJPY dropped precipitously this week, reaching the demand zone at 128.50, and bouncing upwards from there. The upward bounce is simply an invitation to sell short around the market zone of 129.00 or slightly higher than that. This is because the price may still go downwards further to test the demand zone of 128.50 again.
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD: The fundamentals have clearly had positive impact on EUR/USD – either directly or indirectly. The pair continues to trend upwards in a slow and steady manner, rejecting any bearish threats along the way. It is expected that the price would soon be trading above the market line of 1.3350.
USDCHF: This pair is also in the bearish mode – moving downwards in a slow and steady manner. Currently, there has been a weak rally which can eventually lead to the advantage of selling at an appropriate price. It is either the price would test the support level of 0.9200 or trade below it.
GBPUSD: This pair suddenly became volatile yesterday, touching the accumulation territory of 1.5200 and then skyrocketing from there (by at least 300 pips). This is a great victory for the bulls; although the bulls with tight stops could had been stopped out before the market had the chance to move in their favor.
USDJPY: This instrument remains in the bearish mode – serious bearish mode. The southward determination is highly conspicuous to the extent of making the present bullish retracement a good sell-short opportunity. The present northward correction would be contained at the price levels of 97.00 and 97.50 respectively.
EURJPY: EURJPY dropped precipitously this week, reaching the demand zone at 128.50, and bouncing upwards from there. The upward bounce is simply an invitation to sell short around the market zone of 129.00 or slightly higher than that. This is because the price may still go downwards further to test the demand zone of 128.50 again.
The material has been provided by InstaForex Company – www.instaforex.com
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