EUR/USD: Another attempt at cluster S should be seen this week at 1.3833. There is lots of ST R up above, so it is not expected to see much of a correction this week. What would be ideal is to see a move to the WS2 at 1.3801. That would be a reversal sign that would be even stronger than last weeks.
As it turned out it made the attempt at 1.3833, but was stopped at the WS1 at 1.4034, as the dip was 1.4012. From there, it took off to the peak at 1.4034.
USD/JPY: There should be a recovery back to the TL break at 80.43, which also happens to be the WR2. That circa area should contain for a return to the move south.
It was the smallest of corrections as the peak for the week was 79.31, as the dip was 78.13.
GBP/USD: There will be a move back to the TL break of 1.6083, with a possible move to the MP at 1.6038. 1.6248 represents a very strong R. That area can be viewed as a decision point.
We had the spike through the MP as the dip was 1.6002. I featured this pair earlier in the week when I show the gigantic move through the 1.6248 level, as the peak for the week was. 1.6338.
USD/CHF: There is still momentum point south for this pair, as it could be expected for the WS1 at .8064 to be hit, and possibly the WS2 at .7977. Afterward, a recovery of this dip containment should be seen at the 4-hour kijun at .8236, which also represents a confluence of R. MT, it now appears this pair is headed even lower, as .7858 seems to be a reasonable target on the MT downside.
We came short of the WS1 as the dip was .8094, and then the pair headed to .8246.
EUR/CHF: The WS1 is 1.1419 and the WS2 is 1.1302. One of those levels should be containment for any trip south this week. For now 1.1752 appears to be very strong R. Things are also about to get consolidative for this pair before we see another leg south, which should take us to the sub1.1000 region.
This pair featured only a minor spike on the other side of the WS1 to 1.1404. During the week, before the pair hit 1.1752, I forecasted this pair would break it and head to the MS2 at 1.1910. As it turned out the UP was stopped at 1.1877.
AUD/USD: Containment this week should be the area of the MP at 1.0708 and the WR1 at 1.0727. Another leg further south is still favorable, as WS1 at 1.0575 is a viable target, however, look for the confluence of the WS2 at 1.0498 and the MS2 at 1.0496, along with that area being the weekly TL to contain price action.
Only a slight spike on the other side of the WS1 took the pair to 1.0558. The reversal was stronger than expected as the peak was 1.0873.
USD/CAD: The WR2 represents strong confluence of R for this pair, and the downside is looking at tough support at the WS1 at .9459.
I did not mention the level of the WR2, but was mentioned in the post for the S&Rs, but it was .9672. WE only had a peak at .9633, which represented only a spike on the other side of the WR1 at .9601. The reversal took us to the dip at .9421, which was more than just a spike on the other side of the WS1.
NZD/USD: The WR1 at .8572 should be containment to the north this week. I would also look for reaction around that point. It could signal a reversal.
The peak was .8672, just 9 pips away from the WR2, so it di rise higher than expected.
EUR/GBP: The circa area of the weekly kijun at .8705 could be containment this week. The other level to look for is my WS1 at .8727. A recovery to the north is now favorable, but the area 0f .8846 to the daily tenken at .8874 should contain.
The dip went just 2 pips on the other side of the weekly kijun at .8703, and then the reversal took us to the peak at .8853, which was only a wick spike on the other side of the .8846 level.
EUR/JPY: A correction is the strong DOWN seems favorable this week. The trip north should be contained anywhere from 114.30 to the WR2 at 114.88.
The week started off continuing slightly in the DOWN as the dip was 110.64, just 8 pips above the WS1. That limited the upside potential, as the peak was 113.56.
GBP/JPY: Similar to the EUR/JPY, a correction to the WR2 at 130.09 could be forthcoming, but the implications are not as strong as its cousin.
This pair went more east than anything else as the peak was 128.38
Stay tuned for this one when the Weekly Forecast comes out.