EURUSD
The EURUSD attempted to push higher yesterday topped at 1.0670 but closed a little bit lower at 1.0642. The pair is still traded in narrow range. The bias remains neutral in nearest term probably with a little bullish bias testing 1.0700 region. Price is still in a bearish phase since the false break above 1.0873 but still respecting the trend line support as you can see on my H4 chart above. Immediate support is seen around 1.0615 followed by 1.0575 which needs to be clearly broken to the downside to continue the bearish phase testing 1.0500 area. On the upside, a clear break and daily close back above 1.0700 would expose 1.0873 key resistance once again. Overall I remain neutral.
GBPUSD
The GBPUSD attempted to push higher yesterday topped at 1.2596 but closed a little bit lower at 1.2561. The bias remains neutral in nearest term probably with a little bullish bias retesting 1.2615 resistance area. A clear break and daily close above that area would expose 1.2700 – 1.2750 region. Immediate support is seen around 1.2520 followed by 1.2480. Overall I remain neutral.
USDJPY
The USDJPY attempted to push lower yesterday bottomed at 108.13 but closed higher at 108.90. The bias is neutral in nearest term. As you can see on my daily chart above, we have a hammer/pin bar formation after a bearish trend suggests a potential bullish pullback/reversal scenario. Overall I remain bearish, but need a clear break below 108.13 to reactivate my bearish mode targeting 107.50 or lower. Immediate resistance is seen around 109.30. A clear break above that area could trigger further bullish pullback testing 109.85 – 110.10 resistance area.
USDCHF
The USDCHF didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. As long as stay above 1.0020 price is still in a bullish phase targeting 1.0115 and 1.0170 resistance levels. 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.
