EURUSD
The EURUSD continued its bullish momentum yesterday topped at 1.1263. The bias remains bullish in nearest term testing 1.1300 – 1.1350 area. Immediate support is seen around 1.1210. A clear break below that area could lead price to neutral zone in nearest term testing 1.1175 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.1350 could trigger further bullish pressure testing 1.1600 region this week (weekly EMA 200).
GBPUSD
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term but overall I remain bullish. Immediate support is seen around 1.2950. A clear break below that area could trigger further bearish pressure testing 1.2900 and the trend line support as you can see on my H1 chart below, which is a good place to buy with a tight stop loss. On the upside, we need a clear break and daily close above 1.3050 to continue the bullish scenario testing 1.3185 area.
USDJPY
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. As you can see on my H4 chart below, the trend line resistance and H4 EMA 200 are still being respected, keeps the false breakout bearish scenario remains valid targeting 108.00 region. Immediate support is seen around 111.00. A clear break below that area could trigger further bearish pressure testing 110.50 area. On the upside, a clear break back above the trend line resistance and 112.00 area would activate my wait and see mode as direction would become unclear.
USDCHF
The USDCHF was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 0.9650 as a part of the false breakout bearish scenario as you can see on my H4 chart below. Immediate resistance is seen around 0.9750/65 area. A clear break above that area could lead price to neutral zone in nearest term testing 0.9815 resistance area which is a good place to sell with a tight stop loss.
