EURUSD
The EURUSD had a bullish momentum last week topped at 1.1211. The bias is bullish in nearest term testing 1.1300 – 1.1350 area. Immediate support is seen around 1.1175 – 1.1150. A clear break below that area could trigger further bearish pullback testing 1.1080 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.1350 could trigger further bullish pressure testing 1.1600 region this week (weekly EMA 200).
GBPUSD
The GBPUSD had a bullish momentum last week topped at 1.3047. Price gaps lower earlier today opened at 1.2997 and hit 1.2973. The bias is neutral in nearest term but overall I remain bullish. Immediate support is seen around 1.2970. A clear break below that area could trigger further bearish pressure testing 1.2945 and the trend line support (see my H1 chart below) located around 1.2900 region which is a good place to buy with a tight stop loss. On the upside, a clear break and daily close above 1.3050 would expose 1.3185 region.
USDJPY
The USDJPY had a bearish momentum last week bottomed at 110.23 but closed higher at 111.25 and hit 111.60 earlier today in Asian session. The bias is bullish in nearest term testing 112.00 and the trend line resistance as you can see on my H4 chart below, which is a good place to sell targeting 108.13 area with a tight stop loss above the trend line resistance. Immediate support is seen around 111.00. A clear break below that area could lead price to neutral zone in nearest term testing 110.50 or lower. On the upside, a clear break back above the trend line resistance would activate my wait and see mode as direction would become unclear.
USDCHF
The USDCHF had a bearish momentum last week bottomed at 0.9725. The bias is bearish in nearest term testing 0.9650 area as a part of the false breakout bearish scenario as you can see on my H4 chart below. Immediate resistance is seen around 0.9750. A clear break above that area could lead price to neutral zone in nearest term testing 0.9813/55 resistance area which is a good place to sell with a tight stop loss.
