EURUSD: The EURUSD pair, as it was mentioned above, has continued showing weakness. It fell by over 100 pips last week and by another 50 pips so far today. The price would test new support lines as shown on the chart, e.g. 1.2750. This does not rule out some retracement possibility. I would prefer to go short this week.

USDCHF: Since last Monday, the USDCHF pair has gone up by roughly 100 pips. Currently the northward determination is noteworthy, especially as the greenback exudes some strength. It would not be a surprise if the price reaches the level at 0.9500. I have a bullish bias for this week.

GBPUSD: The condition on this market has already given an opportunity to go short at a higher price. The distribution zone at 1.6150 has proven to be a formidable barrier to any northward propensity. From around this level, the price has dropped by close to 200 pips, and this trend would continue for the rest of this week.

USDJPY: The northward journey on USDJY has been slow and steady, but one would need to trade this market with some caution, especially given the current bearish correction. There is now a threat to buyers’ interest. I would prefer to wait for a clearer signal before I join this market.

EURJPY: Fundamentally, this cross did not have a clear direction last week. It now hesitates before finding a new trend, i.e. a downward bias, or its bullish continuation. Nevertheless, the bearish bias is more likely. I would wait for a new signal.