pair has been moving gradually downwards – an attempt that pales into insignificance
when compared to the overall bullish bias. There are resistance lines at 1.1250
and 1.1300, which must be crossed to the upside, for the bullish trend to
continue. There are also support lines at 1.1050 and 1.1000. Should the price
cross the support lines to the downside, there would be a threat to the extant
USD/CHF: This is
a bear market and there has been only sideways movement so far this week. The
market would be under some downward pressure as long as the EUR/USD pair is strong.
Only a serious weakness in EUR/USD could cause USD/CHF to experience
any noteworthy rally. Whether there would be a movement in favor of bulls
or bears, a breakout is expected in this market.
weakness that started last week (on April 29, 2015, to be precise) has brought
the Cable downwards by 330 pips. This plunge has been significant enough to
threaten the recent bullish bias. In fact, everything in the market would turn
bearish as soon as the accumulation territory at 1.5050 is crossed to the
USD/JPY pair has been able to maintain its recent bullish signal, and the price has
now crossed above the demand level at 120.00. The supply levels at 120.50 and
130.00 can also be tested, but one thing must be taken into account: the market
might tumble if the Yen becomes strong.
cross is also sliding slowly. Further weakness in the Euro could cause the
downwards movement to be faster, though the bearish attempt cannot overturn the
existing bullish outlook until the demand zone at 131.50 is breached to the
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