EUR/USD: This pair moved slightly downwards on Monday. Further downwards movement is expected today and tomorrow, which would make the price reaching the support lines at 1.0550, 1.0500, and 1.0450. The bearish expectation is in conjunction with the current bias in the market, which is bearish for this week and this month.
USD/CHF: The USD/CHF has tested the resistance level at 1.0150, and it is bound to test it once again. The bulls are willing to push the price beyond that resistance level, targeting the other resistance levels at 1.0200 and 1.0250. There are support levels at 1.0100 and 1.0050, which would act as impediments to bearish attempts.
GBP/USD: This week, the Cable has gone south by almost 100 pips. The price has gone down 280 pips since February 27, 2017. The Bearish Confirmation Pattern in the chart is very strong, and the price can test the accumulation territories at 1.2150, 1.2100, and 1.2050 this week.
USD/JPY: This currency trading instrument did nothing significant on Monday. However, there is a clear bullish signal in the market, which has come as a result of a bullish expectation on this instrument (as well as on other JPY pairs). The supply levels at 115.00 and 115.50 could be tested this week, and those are the initial targets for this week.
EUR/JPY: This cross merely consolidated yesterday. There is a strong Bullish Confirmation Pattern in the 4-hour chart, and further upwards movement is expected this month, which would take the price towards the supply zones at 121.50, 122.00, and 122.50. On the other hand, a serious weakness in EUR may cause further pullback in the market.
