EUR/USD: The EUR/USD has continued the bearish journey it started on Friday. From the resistance line at 1.1450, the price has gone down by 320 pips. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50. The outlook on the market is bearish and further southward journey is expected.
USD/CHF: Under selling pressure from the EUR/USD pair, the USD/CHF pair has been going upwards gradually. The resistance level at 0.9750 is under siege now. In case continuous selling pressure take place, the USD/CHF pair could move further upwards. There is a strong barrier to the ongoing bullish effort, which is the resistance level at 0.9800.
GBP/USD: Since testing the distribution territory at 1.5650, the cable has come 300 pips down. A current faint bullish attempt pales into insignificance when compared to the overall direction of the price. The accumulation territory of 1.5350 has already been tested and it would be tested again. It could even be breached to the downside.
USD/JPY: The current equilibrium phase is not yet over in this market. This week, the price might go above the supply level at 121.50 or below the demand level at 119.00. Until that happens, this would remain an equilibrium market, with the price swinging between the aforementioned support and resistance levels.
EUR/JPY: The EUR/JPY pair fell by at least, 350 pips since Friday. There is a strong Bearish Confirmation Pattern in the 4-hour chart. There could be further downward plunge today, which could make the price reach the demand zones at 133.00 and 132.50. Only the strong euro and a weake yen could reverse this bearish trend.
