EUR/USD:
1.2287
Very Short-Term Trend: weak uptrend
Outlook:
The rally from last week's low looks impulsive and that suggests further gains ahead. But first, a correction of this gains seems likely. Right now the prices are back below the key 1.2345 Fibo level so the downside correction should be under way indeed. If correct, losses twd 1.2255 and 1.2215 are expected (being 38.2% and 50% Fibonacci levels of last week's rally).
On the upside, only firm and sustained break back abv 1.2345 will indicate the rally from last week's low has resumed for 1.2670...
Strategy: Neutral. 
GBP/USD: 1.5711
Very Short-Term Trend: weak uptrend
Outlook:
With last week's strong rally one should be bullish but honestly I do not like the hourly pattern. Maybe we will see one more rally attempt but I expect GBP to fail to move firmly abv 1.5770/80 resistance level. And if this rally occurs and fails, the bears may re-take control here. I personally prefer to be more defensive now and to wait until the technical picture is clearer....
Strategy: Stand aside.
USD/JPY: 78.36
Very Short-Term Trend: sideways
Outlook:
Last week was definetely not a good one for us as we didn't succeed in our strategy in EUR/USD and GBP/USD. On Friday we were also stopped out in USD/JPY. As for this market (USD/JPY), it really does nothing. It moved abv 78.50 but returned quickly below this level. So, it remains in sideways mode with very small daily moves - market conditions that are not very excited for traders.
Strategy: Stay out.
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