EURUSD
The EURUSD was corrected lower yesterday bottomed at 1.1175. The bias is bearish in nearest term. Price broke below a trend line support as you can see on my H1 chart below suggests a potential bearish pullback especially if price able to make a clear break below 1.1175 testing the H1 EMA 200 located around 1.1110 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 1.1210. A clear break above that area could lead price to neutral zone in nearest term testing 1.1265 area which need to be clearly broken to the upside to continue the bullish scenario targeting 1.1300 – 1.1350 area.
GBPUSD
The GBPUSD attempted to push higher yesterday topped at 1.3033 but closed lower at 1.2960. The bias remains neutral in nearest term probably with a little bearish bias testing the trend line support and 1.2925/00 support area as you can see on my H1 chart below, which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2985. A clear break above that area could trigger further bullish pressure testing 1.3050 key resistance which needs to be clearly broken to the upside to continue the bullish scenario testing 1.3185 area.
USDJPY
The USDJPY attempted to push lower yesterday bottomed at 110.86 but whipsawed to the upside and closed higher at 111.78 and hit 111.99 earlier today in Asian session. The bias is bullish in nearest term testing the trend line resistance and 112.00 area as you can see on my H4 chart below, which remains a good place to sell with a tight stop loss targeting 108.00 region. Immediate support is seen around 111.50. A clear break below that area could lead price to neutral zone in nearest term testing 111.00 or lower. On the upside, a clear break and daily close above 112.00 and the trend line resistance would activate my wait and see mode as direction would become unclear.
USDCHF
The USDCHF attempted to push lower yesterday bottomed at 0.9701 but whipsawed to the upside and closed at 0.9760. The bias is bullish in nearest term testing 0.9815 which is a good place to sell with a tight stop loss targeting 0.9650 as a part of the false breakout bearish scenario as you can see on my H4 chart below. Immediate support is seen around 0.9730. A clear break below that area could lead price to neutral zone in nearest term testing 0.9650 area.
