EURUSD
The EURUSD had a bullish momentum yesterday topped at 1.1424. As you can see on my H4 chart below price is still moving convincingly above the trend line support and EMA 200 suggests a strong and valid bullish trend. The bias is bullish in nearest term testing 1.1500 – 1.1530 area. Immediate support is seen around 1.1350. A clear break below that area could lead price to neutral zone in nearest term testing 1.1285 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Fundamental focus today will be on the US NFP number.
GBPUSD
The GBPUSD had a bullish momentum yesterday topped at 1.2982. The bias is bullish in nearest term retesting 1.3050 key resistance which remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would activate my bullish mode targeting 1.3350 area next week. Immediate support is seen around 1.2925 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2875 region. Fundamental focus today will be on the US NFP number.
USDJPY
The USDJPY had another indecisive movement yesterday but traded higher earlier today in Asian session hit 113.83. The bias remains bullish in nearest term testing 114.30. Immediate support is seen around 113.20. A clear break below that area could lead price to neutral zone in nearest term testing 112.75 support area which is a good place to buy. On the upside, a clear break and daily/weekly close above 114.30 would expose 115.50 region or higher next week. Fundamental focus today will be on the US NFP number.
USDCHF
The USDCHF had a bearish momentum yesterday bottomed at 0.9601 and hit 0.9595 earlier today in Asian session. The bearish pin bar I showed you yesterday gave us a valid bearish signal. The bias is bearish in nearest term testing 0.9550 – 0.9450 key support area which remains a good place to buy with a tight stop loss below 0.9450 as a clear break and daily/weekly close below that area would expose 0.9250 region next week. Fundamental focus today will be on the US NFP number.
