EURUSD
The EURUSD was indecisive yesterday but traded lower earlier today in Asian session, slipped below the H1 EMA 200 as you can see on my H1 chart below, hit 1.1122. The bias is bearish in nearest term testing 1.1080 support area which remains a good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.0950 region. Immediate resistance is seen around 1.1160 (H1 EMA 200). A clear break and daily close above that area could trigger further bullish pressure testing 1.1200 – 1.1265 resistance area. I still prefer a bullish scenario at this phase but a clear break and daily close below 1.1080 would activate my wait and see mode.
GBPUSD
The GBPUSD attempted to push higher yesterday topped at 1.2850 but traded lower earlier today in Asian session slipped below 1.2800. The bias remains bearish in nearest term testing 1.2780 support area which remains a good place to buy with a tight stop loss as a clear break below that area would expose 1.2700 – 1.2670 or lower. Immediate resistance is seen around 1.2850. A clear break above that area could lead price to neutral zone in nearest term testing 1.2900/25 resistance area.
USDJPY
The USDJPY was indecisive yesterday but traded lower earlier today in Asian session hit 110.77. The bias is bearish in nearest term testing 110.25/00 region. A clear break and daily close below that area would expose 108.00 area this week. Immediate resistance is seen around 111.30. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below the trend line resistance and 112.00 key resistance I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
USDCHF
The USDCHF had a moderate bullish momentum yesterday and hit 0.9794 earlier today in Asian session. The bias is bullish in nearest term testing 0.9815 area which is a good place to sell with a tight stop loss as a clear break above that area would give further confirmation to the double bottom bullish scenario (see my H4 chart below)with nearest target seen around 0.9900. Immediate support is seen around 0.9765. A clear break below that area could lead price to neutral zone in nearest term testing 0.9695 key support area.
