EURUSD
The EURUSD had a bullish momentum last week, topped at 1.0998 and hit 1.1021 earlier today in Asian session. Price traded lower around 1.0970 at the time I wrote this comment but the recent bullish trend is likely to continue after price broke above the range area as you can see on my H1 chart below testing 1.1050 as nearest target. The bias is bullish in nearest term. Immediate support is seen around 1.0950. A clear break back below that area could lead price to neutral zone in nearest term but only a clear break back below 1.0850 would interrupt the current bullish trend testing the pre-gap level at 1.0730.
GBPUSD
The GBPUSD attempted to push lower last week bottomed at 1.2830 but failed to make a sustainable break below the H1 EMA 200 as you can see on my H1 chart below and closed higher at 1.2978. This fact keeps the bullish outlook. The bias is bullish in nearest term testing 1.3000 – 1.3050 area. Immediate support is seen around 1.2950. A clear break below that area could lead price to neutral zone in nearest term testing 1.2900 area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
USDJPY
The USDJPY had a bullish momentum last week topped at 113.04. The bias is bullish in nearest term. Price is still in a bullish phase but as you can see on my H4 chart below the pair is struggling around a trend line resistance which is a good place to sell with a tight stop loss above 113.05 as a clear break and daily close above that area would expose 114.00 or higher. Immediate support is seen around 112.50. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 area or lower.
USDCHF
The USDCHF had a bearish momentum last week bottomed at 0.9853. The bias is bearish in nearest term testing 0.9813/00 area. Immediate resistance is seen around 0.9950. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains at 1.0020 which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 0.9813/00 would expose 0.9750 area.
