EURUSD
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.1670. A clear break above that area could trigger further bullish pressure testing 1.1725 area but as long as stay below 1.1900 I remain bearish and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.1625. A clear break below that area could trigger further bearish pressure testing 1.1575 or lower as a part of the “head and shoulders” bearish reversal scenario as you can see on my daily chart below.
GBPUSD
The GBPUSD continued to trade higher yesterday topped at 1.3288 and hit 1.3293 earlier today in Asian session. The bias remains bullish in nearest term testing 1.3330 key resistance. A clear break and daily close above that area would retest 1.3615 resistance area. Immediate support is seen around 1.3250. A clear break below that area could lead price to neutral zone in nearest term testing 1.3200 area. Overall I remain bullish.
USDJPY
The USDJPY failed to continue its bearish momentum yesterday after unable to make a clear break below 113.20 support area, topped at 113.73 and hit 113.81 earlier today in Asian session. The bias is bullish in nearest term testing 114.50 key resistance which is a good place to sell with a tight stop loss. Immediate support is seen around 113.50. A clear break below that area could lead price to neutral zone in nearest term retesting 113.20 key support which need to be clearly broken to the downside to continue the bearish pin bar scenario testing 112.50 – 111.65 region. On the upside, a clear break and daily close above 114.50 would expose 115.50 or higher. Overall I remain neutral.
USDCHF
The USDCHF failed to continue its bearish momentum yesterday topped at 0.9994. The bias is neutral in nearest term. Overall I remain bullish but need a clear break above 1.0037 to nullify the bearish pin bar scenario targeting 1.0100 or higher. Immediate support is seen around 0.9940. A clear break and daily close below that area would resume the bearish pin bar scenario testing 0.9880 or lower.
