Daily analysis of major pairs for June 27, 2017

EUR/USD: The EUR/USD did nothing significant on Monday. There has generally been a movement between the support line at 1.1100 and the resistance line at 1.1250. There must be a movement above the aforementioned resistance line or below the support line. A movement above the resistance line is the most likely for this week.


USD/CHF: This market has been moving sideways since last week, and the bias is neutral in the short-term (in the context of a major downtrend). There is a possibility that volatility would rise in the market before the end of this week, or at the beginning of another week. This direction would then be determined by whatever happens to the EUR/USD.


GBP/USD: The Cable did nothing noteworthy yesterday, although it bounced upwards in the last few days of last week. That upwards bounce could end up becoming a good opportunity to go short, because the market could turn downwards to test the accumulation territories at 1.2700, 1.2650 and 1.2600 this week.


USD/JPY: There is now a bullish signal on this currency trading instrument. Price has gone above the demand level at 111.50, and it has tested the supply level at 112.00. The supply level is expected to be breached to the upside as price goes further north. It looks like the bearish expectation for the month of June is over.


EUR/JPY: The EUR/JPY cross has been going upside, forming a Bullish Confirmation Pattern in the market. Price has gained gone further upwards this week, and it could go further upwards today and tomorrow. There are bullish targets at the supply zones of 125.50, 126.00 and 126.50, which are expected to be reached.


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