EURUSD
The EURUSD was indecisive last week. Price attempted to push higher topped at 1.1267 but whipsawed to the downside and closed lower at 1.1177. The bias is neutral in nearest term but overall I still prefer a bullish scenario. As you can see on my H1 chart below price is testing the H1 EMA 200 located around 1.1160. A clear break below that area could trigger further bearish pressure testing 1.1080 support area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1200. A clear break above that area could trigger further bullish pressure retesting 1.1267 area which need to be clearly broken to the upside to continue the bullish scenario testing 1.0300 – 1.0350 region.
GBPUSD
The GBPUSD had a bearish momentum last week bottomed at 1.2775 following a break below the trend line support as you can see on my H1 chart below. The bias is bearish in nearest term but 1.2780 area remains a good place to buy with a tight stop loss as a clear break below that area would expose at least 1.2700 region. Immediate resistance is seen around 1.2860. A clear break above that area could lead price to neutral zone in nearest term testing 1.2900/25 area.
USDJPY
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but as long as stay below the trend line resistance and 112.00 I still prefer a bearish scenario at this phase targeting 108.00 region. Immediate support is seen around 110.85. A clear break below that area could trigger further bearish pressure testing 110.25 or lower. On the upside, a clear break and daily close above the trend line resistance and 112.00 area would nullify the bearish bias and activate my wait and see mode.
USDCHF
The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 0.9780 – 0.9815 resistance area which remains a good place to sell with a tight stop loss. Immediate support is seen around 0.9730. A clear break below that area could trigger further bearish pressure testing 0.9700 – 0.9650 area. On the upside, a clear break and daily close above 0.9815 would interrupt the bearish bias and activate my wait and see mode.
