EURUSD. Overall this week bias of EURUSD is neutral. Presently EURUSD stands at 1.2315$ and although an upward run is possible and expected but unless daily price close above 1.2555$ the bias remains neutral. Any upward movement may provide an opportunity to short sell around 1.2400$ with a stop loss at 1.2450$ and a target price of 1.2270$. If daily prices happen to close below 1.2153$ then bias will turn from neutral to bearish.
GBPUSD. Overall this week bias of GBPUSD is strongly bearish. Only short sell at highs and their closing at lows are recommended while buy trades are NOT recommended. This week GBPUSD is expected to range between 1.4115$ to 1.3715$ extendable to 1.3575$. The stop loss for all short trades stands at 1.4285$. However, note that daily price close if any higher than 1.4185 will weaken our recommendations.
EURGBP. Overall EURGBP is neutral to slightly bullish. EURGBP pair has been range bound in channel since Sep 2017 and presently moving from lower bound to upper bound of channel. Presently it is priced at 0.8779$ and is likely to remain range bound for this week and may be even longer, the target price for this week is 0.8839$. Its range is confined to 0.8950~0.8665. After touching the lower bound of channel it is now gradually inching towards upper bound of channel at 0.8950$.
USDJPY. Last week engulfing candle has put some life into this pair. Last week closing price stands at 106.26$ at a critical threshold with no certainty of direction. But keeping in view USD crosses and last week performance of USDJPY, it has a chance to approach 108.00$ but hopes to do will fade if prices fall as low as 105.30$. Trade with caution is advised in this pair.
USDCHF. Long & short-term bias for USDCHF is bullish. Last week, engulfing weekly candle further strengthens the bullish bias. Presently this pair stands at 0.9534$ and gradually making daily higher highs and higher lows. Its short-term bullish bias will stay intact as long as USDCHF trades higher than 0.9320$ while long term bullish bias will hold good as long as this pair stands higher than 0.9149$. This weeks achievable targets stand at 0.9595$ and 0.9665$. Buy at lows and close on highs with No selling short is recommended.
GOLD. Long-term bias of gold remains bullish, however, short-term bias for this week is bearish. Gold closed on Friday at 1224.94$. Unless the gold daily prices close above 1247.00$, it is heading towards 1298.50$ from where bullish moves may come back. For this week, it is advised to short sell gold between 1228.00$~1233.00$ with stop loss at 1248.00$ and profit taking gradually at 1317.00$, 1309.00$ and finally at 1300.50$. Below 1300.00$ buy trades are strongly recommended with stop loss at 1284.00$.
Note: Please be watchful of fundamental NFP news on Friday 6 Apr 2018. This news causes enough volatility to validate or invalidate the technical analysis within minutes and eventually build totally new scenarios.