EURUSD
The EURUSD had a moderate bullish momentum yesterday topped at 1.1169. The bias is neutral in nearest term. As long as stay above 1.1080 I remain bullish, but we need a clear break above 1.1285 to end the current bearish correction phase (after the false break above 1.1285 last week) and continue the bullish scenario targeting 1.1350 – 1.1452 area. On the downside, 1.1080 remains a good place to buy with a tight stop loss, as a clear break and daily close below 1.1080 would interrupt the bullish scenario testing a major trend line support and 1.0900 as you can see on my H4 chart below.
GBPUSD
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.2710 but closed a little bit lower at 1.2670. The bias is neutral in nearest term. The double top bearish scenario (1.2815) should remain valid, but any rejection to move consistently below 1.2635 could create a false breakdown bullish scenario retesting 1.2815. On the downside, a clear break and daily close below 1.2635 would expose 1.2500 region. Overall I remain neutral.
USDJPY
The USDJPY had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bearish bias. Price is still in a bullish phase after broke above the trend line resistance as you can see on my H4 chart below, but found an important resistance at 111.78 – 112.00 which need to be clearly broken to the upside to continue the bullish phase targeting 113.00 region. On the downside, key support is seen around 110.65. A clear break back below that area would interrupt the bullish scenario testing 110.00 or lower.
USDCHF
The USDCHF had a moderate bearish momentum yesterday and hit 0.9716 earlier today. The bias is bearish in nearest term testing 0.9695. A clear break below that area could trigger further bearish pressure testing 0.9650 region. Immediate resistance is seen around 0.9770 but key resistance remains around 0.9815 which remains a good place to sell with a tight stop loss as a clear break above that area would end the bearish outlook testing 0.9900 area or higher.
