EURUSD
The EURUSD had a bearish momentum yesterday bottomed at 1.0916. The bias is bearish in nearest term. Price is now struggling around the H1 EMA 200 (1.0915) as you can see on my H1 chart below. A clear break below the EMA 200 would expose 1.0850 key support. A clear break and daily close below 1.0850 could trigger further bearish pullback testing the pre-gap level at 1.0730. Immediate resistance is seen around 1.0950. A clear break back above that area could lead price to neutral zone in nearest term but would keep the recent bullish phase targeting 1.1000/50 area.
GBPUSD
The GBPUSD was corrected lower yesterday bottomed at 1.2929. We have a double top formation as you can see on my H1 chart below suggests a potential bearish scenario, but overall I remain bullish. The bias is bearish in nearest term testing 1.2900 – 1.2865 support area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2965. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 – 1.3050 region.
USDJPY
The USDJPY attempted to push lower yesterday bottomed at 112.39 but whipsawed to the upside and closed higher at 113.23, just above the trend line resistance as you can see on my H4 chart below. This fact suggests a bullish continuation scenario. The bias is bullish in nearest term testing 114.00 area. Immediate support is seen around 112.90. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.
USDCHF
The USDCHF was corrected higher yesterday topped at 0.9990. The bias is bullish in nearest term testing 1.0020 key resistance and the trend line resistance as you can see o my H4 chart below, which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9950. A clear break below that area could lead price to neutral zone in nearest term testing 0.9900 or lower. Overall I remain neutral.
