EUR/USD: This pair went upwards on Monday in the context of a downtrend. The upwards movement could be taken as another short-selling opportunity, unless the resistance line at 1.0800 is overcome (which would require a serious buying pressure). Price may still target the support lines at 1.0600 and 1.0550.
USD/CHF: This pair went downwards on Monday in the context of an uptrend. The downwards movement could be taken as another buy-long opportunity, unless the support level at 1.0050 is breached to the downside (which would require a serious selling pressure). Price may still target the resistance levels at 1.0200 and 1.0250.
GBP/USD: The GBP/USD pair trended upwards yesterday, which resulted in another bullish signal. Price is now above the accumulation territory at 1.2650, targeting the distribution territories at 1.2700 and 1.2750. As long as price does not go south by 200 pips from here, the bullish signal would be valid.
USD/JPY: This market experienced a minor correction on December 12. There is a Bullish Confirmation Pattern on the 4-hour chart, and since the outlook on JPY pairs remains bullish for this week, the USD/JPY pair would also normally trend further upwards. The targets for this week are located at the supply levels of 115.50, 116.00, and 116.50.
EUR/JPY: This is a bull market, and it is supposed to continue trending upwards. The EUR is weak in itself, but the reason it is going up against the JPY is because the latter is weaker than it is. The supply zones at 123.00 and 123.50 could be targeted this week.
