EURUSD Forecast:
The EURUSD was indecisive last week. Price traded in narrow range, topped at 1.0677 but closed lower at 1.0610. The bias is neutral in nearest term. Price is still in a bearish phase since the false break above 1.0873 but the trend line support still holds so far, as you can see on my H4 chart above. Immediate resistance is seen around 1.0650. A clear break above that area could trigger further bullish pressure testing 1.0700 region. On the downside, a clear break and daily close below the trend line support and 1.0575 would expose 1.0500 region. Overall I remain neutral.
GBPUSD Forecast:
The GBPUSD had a bullish momentum last week topped at 1.2573. The bias is neutral in nearest term but as long as stay above 1.2480 I still prefer a bullish scenario at this phase retesting 1.2615 region. Immediate resistance is seen around 1.2575 followed by 1.2615. On the downside, a clear break and daily close below 1.2480 would end the bullish phase which started after bounced off 1.2375 key support. Overall I remain neutral.
USDJPY Forecast:
The USDJPY continued its bearish momentum last week after broke below 110.10 key support, bottomed at 108.53 and hit 108.13 earlier today in Asian session. The bias is bearish in nearest term testing 107.50 area. Immediate resistance is seen around 108.70. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
USDCHF Forecast
The USDCHF was indecisive last week. The bias is neutral in nearest term but as long as stay above 1.0020 support area, price is still in a bullish phase testing 1.0115 and 1.0170 resistance levels. Immediate resistance is seen around 1.0060. On the downside, a clear break and daily close back below 1.0020 would end the bullish phase testing 0.9970 or lower. Overall I remain neutral.
