EUR/USD: This pair has moved sideways so far this week in what can be called a tight consolidation. The price is now between the resistance line at 1.1250 and the support line at 1.1150. Today or tomorrow, the price would either go above the resistance line at 1.1250 or below the support line at 1.1150.
USD/CHF: The USD/CHF did not do anything significant on June 13, 2017. Some fundamental figures, which will impact the market, are expected to be released today. This would create craved volatility as the price probably starts going downwards. The pair cannot go up unless EUR/USD crashes.
GBP/USD: The GBP/USD is currently bouncing upwards in a downtrend. The price tested the accumulation territory at 1.2650 on Monday and it is now around the distribution territory at 1.2750. This kind of action is normally seen as a rally in the context of a downtrend, which cannot be overridden unless the distribution territory at 1.3000 is overcome.
USD/JPY: Although this currency trading instrument has remained rather quiet till now, there is a Bearish Confirmation Pattern on the 4-hour chart. The outlook for the JPY pairs is bearish for this week, so the price is expected to go more and more bearish when volatility returns to the market.
EUR/JPY: The EUR/JPY market is volatile, but directionless. This action started last week amid a downtrend. There would soon be a rise in momentum, which would most probably favor bears, as the price goes south, reaching the demand zones at 123.00 and 122.50.
