EURUSD
The EURUSD continued its bullish momentum yesterday topped at 1.0770. The bias remains bullish in nearest term testing 1.0830 area located at the daily EMA 200 as you can see on my daily chart below which is a good place to sell with a tight stop loss above 1.0873. Immediate support is seen around 1.0710. A clear break below that area could lead price to neutral zone in nearest term testing 1.0650 support area. On the upside, a clear break and daily/weekly close above 1.0830 – 1.0873 would activate my bullish mode.
GBPUSD
The GBPUSD continued its bullish momentum yesterday topped at 1.2376 as a part of the bullish scenario after bounced from triple bottom formation at 1.2135. The bias remains bullish in nearest term testing 1.2450 area. Immediate support is seen around 1.2300. A clear break below that area could lead price to neutral zone in nearest term testing 1.2250/25 area. On the upside, a clear break and daily/weekly close above 1.2450 would expose 1.2570 – 1.2600 region next week. Overall I remain neutral.
USDJPY
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 112.90 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 112.50 but key support remains at 111.30 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 113.50. A clear break above that area could trigger further bullish pressure testing 114.00 or higher.
USDCHF
The USDCHF continued its bearish momentum yesterday bottomed at 0.9951. The bias remains bearish in nearest term testing 0.9870 support area. Immediate resistance is seen around 0.9985. A clear break above that area could lead price to neutral zone in nearest term testing 1.0020/50 area. Overall I remain neutral.
