EURUSD
The EURUSD had another indecisive movement yesterday. Price slipped below 1.0850 but still closed above the key support as you can see on my H1 chart below. The bias is neutral in nearest term. 1.0850 area remains a good place to buy with a tight stop loss as a clear break below that area would expose the pre-gap level at 1.0730 and the trend line support. Immediate resistance is seen around 1.0900. A clear break above that area could trigger further bullish pressure testing 1.0950 area and keeps the bullish outlook intact. Overall I remain neutral.
GBPUSD
The GBPUSD had a bearish momentum yesterday bottomed at 1.2848 but closed a little bit higher at 1.2888. The triple top formation I told you about yesterday gave us a valid bearish signal. The bias is bearish in nearest term testing 1.2830. A clear break below that area would expose 1.2780 region which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2915. A clear break above that area could lead price to neutral zone in nearest term testing 1.2950 or higher. Overall I remain bullish.
USDJPY
The USDJPY was corrected lower yesterday bottomed at 113.45 but closed a little bit higher at 113.85. The bias is neutral in nearest term. 113.60 area remains a good place to buy with a tight stop loss as a clear break below that area would expose 113.00 or lower. Overall price is still in a bullish trend, but need a clear break above 114.35 to continue the bullish scenario testing 115.00 or higher.
USDCHF
The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term but overall price is still in a bullish phase after broke above the trend line resistance as you can see on my H4 chart below targeting 1.0170 area. Immediate support remains around 1.0050. A clear break back below that area would interrupt the bullish scenario testing 1.0000 region. Overall I remain neutral.
