EURUSD
The EURUSD continued its bearish momentum yesterday bottomed at 1.0671. The bias remains bearish in nearest term testing 1.0600 region. That said, we have a CCI bullish divergence as you can see on my H1 chart below suggests a potential bullish correction especially if price able to make a clear break above 1.0700 testing 1.0750 – 1.0785 region but as long as stay below the EMA 200 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Overall I remain neutral.
GBPUSD
The GBPUSD attempted to push higher yesterday topped at 1.2524 but closed lower at 1.2467. Overall price is still in a bearish phase since fell below the bullish channel as you can see on my H1 chart below but still unable to stay consistently below the H1 EMA 200 and moving inside a minor bullish channel. The bias is neutral in nearest term probably with a little bullish bias testing 1.2530 – 1.2550 region. Immediate support is seen around 1.2450. A clear break below that area could trigger further bearish pressure testing 1.2375 key support which need to be clearly broken to the downside to continue the bearish scenario. Overall I remain neutral.
USDJPY
The USDJPY had a bullish momentum yesterday topped at 111.94 and hit 112.08 earlier today in Asian session. The bias is bullish in nearest term testing 112.85 as a part of the “hammer” formation bullish scenario as you can see on my daily chart below. Immediate support is seen around 111.70. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 111.30 would be a serious threat to the bullish reversal scenario.
USDCHF
The USDCHF continued its bullish momentum yesterday topped at 1.0013. The bearish scenario after fell below the bullish channel as you can see on my H4 chart below is in a serious threat. The bias is bullish in nearest term testing 1.0060 region. A clear break and daily/weekly close above that area would activate my bullish short-term mode. Immediate support is seen around 0.9990. A clear break below that area could lead price to neutral zone in nearest term testing 0.9950 or lower. Overall I remain neutral.
