G14 OUTLOOK FOR THE WEEK 11 FEB - 16 FEB

The main events of next week are the rates announcements from the Bank of Japan and Jordan's(SNB president) speech.

EURUSD: The pair  had started a correction last week. after Mario Draghi's intervew. It has broken 1.3370 levle and inititate a sell signal. Notheless i expect  to consolidate  for the folowing days  between 1.33-1.36

EURJPY:   The pair had a drop affected by profittaking and  the fall in eurusd and usdjpy .  I expect a further decline to 120 level before  resuming again an uptrend

EURAUD: The pair is also affected by the fall in eursud. The fall may extend further but no lower that 1.28  Buliss bias remains and  i expect  it to  climb again higher

EURCHF: The pair has fall affter a rally . Nonetheless 1.2240 is a good support and i expect the currency to resume an uptrend

USDCHF:   The pair  still in consolidation with a sell bias

GBPUSD:  The pair  is in a sell mode . However last week we had a small  short squeeze which may  continue a little higher but no more than 1.60 . Expect the downtrend to resume  and new los to be made by the end of the week

USDJPY: The star of the recent weeks.  It seems that its time for a correction and it had topped iaround 94. I expect it to see lower this week.

AUDUSD: The pair has finally initiate a sell signals. I expect it see  lower this week . Target remains 1.0150-1.02 area