EURUSD
The EURUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Price has been moving inside a 100 pip range of 1.0950 – 1.0850 since last week. We need a clear break from that range area to see clearer direction. A clear break and daily close above 1.0950 would continue the recent bullish bias testing 1.1000 – 1.1050 area. On the downside, a clear break and daily close back below 1.0850 would expose the pre-gap level at 1.0730. There is no high impact fundamental release today so it is likely that price will remain inside the range area. Overall I remain neutral.
GBPUSD
The GBPUSD was corrected lower yesterday bottomed at 1.2882. The bias is neutral in nearest term but as long as stay above 1.2780/50 I still prefer a bullish scenario at this phase with nearest target seen around 1.3050 area. Immediate support is seen around 1.2860. A clear break below that area could trigger further bearish pressure testing 1.2800 but only a clear break below 1.2780/50 would interrupt the double bottom bullish scenario
USDJPY
The USDJPY continued its bullish momentum yesterday topped at 111.92 and hit 111.97 earlier today in Asian session. The bias remains bullish in nearest term testing 112.20 area. Immediate support is seen around 111.45. A clear break below that area could lead price to neutral zone in nearest term testing 110.85 but overall price is still in a bullish phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 112.20 would expose 112.85 – 113.50 region.
USDCHF
The USDCHF had a moderate bullish momentum yesterday. The bias remains neutral in nearest term but overall I still prefer a bearish scenario at this phase with key resistance seen around 1.0020 and the trend line resistance as you can see on my H4 chart below targeting 0.9880 and 0.9813. Overall I remain neutral.
