Hello Traders,
Let’s hit the charts:
1. EUR/USD
EUR/USD closed with a bearish move last week Friday, and also broke a key support level (1.17639)
This week we may see the bears continue doing their thing, having in mind that 1.17117 will be our next possible support level
2. EUR/JPY
EUR/JPY still has the 130.460 resistance level to deal with before we decide on what to do.
A breakout means price may hit the 131.324 resistance level this new week.
A reversal of price may make price stall between the 130.460 and 129.330 level
3. CAD/JPY
CAD/JPY started stalling after breaking out from the 87.729 resistance level
This week we may most likely see price continue its bullish journey to the next possible resistance level 88.960.
4. AUD/JPY
AUD/JPY closed with a bullish outlook last week.
84.883 will be the resistance level to beat or succumb to this new week
A breakout of price through the 84.883 resistance level would mean price next destination will be 86.924
If the bulls are not strong enough this week, price may stall between the 84.883 and 83.515 region
What say you?
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