Weekly Forecast (FX)

EUR/USD

EUR/USD has formed a new X in December when it strikes 1.3307 high.
Beginning of this year it has confirmed the B and currently hit 2L.

after hitting 2L market is currently doing retracement, I reckon retracement up to return to 1.3150.

Intraday chart (30M, 60M) is showing stochastic oversold) therefore upside is limited.

Closing below 1.3150 would lead market down below to 1.30, then to strong support 1.2900 (EMA200, Daily Chart).

GBP/USD

pincer top on daily chart is scary (pin bar top), 2/1/2013.
Market shows support at 1.60.

Last week's trading range is big, its volatile.
Market has not been so interesting after loooong time (since Sep 2012).

While I am waiting for next trend to evolve, I am making an assumption:

market to continue moving up slowly to 1.6180 (EMA50, 4H), resisted, form a reversal down, and return to 1.5950 (EMA200, Daily) and ultimately 1.5850.

IF, market didn't break below 1.5950 but continue up, then I am looking forward to GBP/USD hitting 1.65.

USD/JPY

New prime minister, QE.
Devalue JPY.

USD/JPY up, up, up.

with unlimited printing, USD/JPY is a safe ride - it just keep going up, no looking back.
currently trading at 88.15 region, I reckon USD/JPY to reach  90.00 and 92.80 in January 2013.