EURUSD
The EURUSD had a moderate bullish momentum yesterday topped at 1.1804. The bias is neutral in nearest term but overall price is still in a bearish correction phase. Immediate support is seen around 1.1720. A clear break below that area could trigger further bearish pressure testing 1.1650/00 region. Immediate resistance is seen around 1.1823/50 area. A clear break above that area could trigger further bullish pressure testing 1.1935 area which need to be clearly broken to the upside to potentially end the current bearish correction phase and continue the major bullish scenario.
GBPUSD
The GBPUSD had a moderate bullish momentum yesterday topped at 1.3455. The bias is neutral in nearest term probably with a little bullish bias testing 1.3500 – 1.3550 region. On the downside, 1.3400 – 1.3330 area remains a key support and good place to buy with a tight stop loss below 1.3330 as a clear break below that area would take price to a bearish correction zone testing 1.3150 support area. On the upside, a clear break above 1.3550 would expose 1.3615 key resistance which need to be clearly broken to the upside to continue the major bullish scenario.
USDJPY
The USDJPY was corrected lower yesterday bottomed at 112.25. The bias is bearish in nearest term but 112.35 – 111.65 region remains a key support and good place to buy with a tight stop loss below 111.65. Immediate resistance is seen around 112.75. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 region. On the downside, a clear break below 111.65 would change my H1 chart bias to a neutral condition. Overall I remain neutral.
USDCHF
The USDCHF attempted to push higher yesterday topped at 0.9758 but closed lower at 0.9700 after another rejection to break above the daily EMA 200 and 0.9765 key resistance area, printed a bearish pin bar formation on daily chart. The bias is neutral in nearest term probably with a little bearish bias testing 0.9650 support area. On the upside, 0.9765 – 0.9807 remains a key resistance and good place to sell. Overall I remain neutral.
