EURUSD
The EURUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.0855 but closed higher at 1.0903. The bias is neutral in nearest term. Immediate support is seen around 1.0850. A clear break below that area could trigger further bearish pressure testing the pre-gap level at 1.0730 region. Immediate resistance is seen around 1.0950 (double top). A clear break and daily close above that area would expose 1.1000 – 1.1050 region. Overall I remain neutral.
GBPUSD
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. We haven’t seen a significant bullish run so far, but price is still traded just above the daily EMA 200, keeps the double bottom bullish scenario remains valid with nearest target seen around 1.3000 – 1.3050 region. Immediate support is seen around 1.2800 but key support remains at 1.2750 which need to be clearly broken to the downside to interrupt the double bottom bullish scenario.
USDJPY
The USDJPY attempted to push higher yesterday topped at 111.77 but whipsawed to the downside and closed lower at 111.04. The bias is neutral in nearest term but overall price is still in a bullish phase after broke above the trend line resistance targeting 112.20 area. Immediate support is seen around 110.85. A clear break below that area could trigger further bearish pressure testing 110.10 region. Immediate resistance is seen around 111.77. A clear break above that area could trigger further bullish pressure testing 112.20 region.
USDCHF
The USDCHF had another indecisive movement yesterday formed a Doji on daily chart. Price attempted to push higher topped at 0.9968 but closed lower at 0.9932. The bias remains neutral in nearest term but overall price is still in a bearish phase targeting 0.9880 and 0.9813 area. On the upside, 1.0020 remains a key resistance and good place to sell with a tight stop loss. Overall I remain neutral.
