EURUSD
The EURUSD attempted to push higher yesterday topped at 1.0777 but closed lower at 1.0715, formed a pin bar formation just below the EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term retesting the trend line support and 1.0650/25 area which also remains a key support and good place to buy with a tight stop loss. Immediate resistance is seen around 1.0750. A clear break above that area could lead price to neutral zone in nearest term testing 1.0777 and the daily EMA 200 located around 1.0800. Overall I remain neutral.
GBPUSD
The GBPUSD had a moderate bullish momentum yesterday topped at 1.2847 but closed a little bit lower at 1.2810. The bias is neutral in nearest term. The double bottom bullish scenario should remain valid but we still need a consistent and convincing movement above the daily EMA 200 (1.2780). Immediate support remains around 1.2750. A clear break and daily/weekly close below that area would expose 1.2650 or lower next week. On the upside, a clear break and daily/weekly close above 1.2850 – 1.2900 would give us further confirmation of the double bottom bullish scenario with nearest target seen around 1.3000 – 1.3050.
USDJPY
The USDJPY continued its bullish momentum yesterday topped at 109.48. The bias is bullish in nearest term testing 110.10 and the trend line resistance as you can see on my H1 chart below which is a good place to sell as we know that the current short-term bullish trend is just a corrective movement. Immediate support is seen around 109.20. A clear break below that area could lead price to neutral zone in nearest term testing 108.70 region but only a clear break back below 108.13 would end the current bullish correction phase.
USDCHF
The USDCHF attempted to push lower yesterday bottomed at 0.9940 but closed higher at 0.9986 and hit 0.9991 earlier today in Asian session. The bias is neutral in nearest term probably with a little bullish bias testing 1.0020 resistance area which remains a good place to sell with a tight stop loss targeting 0.9880. Immediate support is seen around 0.9940. A clear break and daily/weekly close below that area would expose 0.9880 – 0.9813 next week. Overall I remain neutral.
