EURUSD
The EURUSD had a bullish momentum yesterday, topped at 1.1739 and hit 1.1747 earlier today in Asian session. The bearish pin bar scenario I showed you yesterday is no longer valid. My bullish mode is now reactivated. The bias is bullish in nearest term testing 1.1750 – 1.1875 area. Immediate support is seen around 1.1700. A clear break below that area could lead price to neutral zone in nearest term testing 1.1640 – 1.1580 support area which is a good place to buy with a tight stop loss. On the upside, a clear break above 1.1875 would expose 1.2000 region.
GBPUSD
The GBPUSD had a strong bullish momentum yesterday, broke above 1.3100 key resistance and hit 1.3149 earlier today in Asian session. This fact cancels the bearish pin bar scenario and activates my bullish mode. The bias is bullish in nearest term testing 1.3200 before targeting 1.3350 region. Immediate support is seen around 1.3100. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050 – 1.3000 support area which is a good place to buy with a tight stop loss
USDJPY
The USDJPY failed to continue its bullish momentum yesterday bottomed at 111.06 and hit 110.87 earlier today in Asian session. As long as stay above 110.61 the bullish pin bar scenario should remain valid but the bias is bearish in nearest term. A clear break below 110.61 would expose 110.25/00 area before revisit the trend line support as you can see on my daily chart below, which is a good place to buy. Immediate resistance is seen around 111.45. A clear break back above that area could lead price to neutral zone in nearest term testing 112.00 region. Overall I remain neutral.
USDCHF
The USDCHF attempted to push higher yesterday topped at 0.9595 but whipsawed to the downside and closed lower at 0.9506. We have another bearish pin bar as you can see on my daily chart below suggests a bearish view. The bias is bearish in nearest term testing 0.9450 key support. A clear break below that area could trigger further bearish pressure testing 0.9250 area. Immediate resistance is seen around 0.9550. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
