EURUSD
The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term. Price is still in a bearish correction phase after broke below the trend line support as you can see on my H4 chart below, but still respects 1.1160 support area which need to be clearly broken to the downside to continue the bearish correction phase testing 1.1080 key support which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1235. A clear break above that area could trigger further bullish pressure retesting 1.1285 key resistance which need to be clearly broken to the upside to continue the bullish scenario targeting 1.1350 – 1.1425 region.
GBPUSD
The GBPUSD had a bullish momentum yesterday topped at 1.2756. This fact keeps the pin bar bullish scenario remains valid especially if price able to make a clear break above 1.2780 resistance with nearest target seen around 1.2900 area. The bias is bullish in nearest term. Immediate support is seen around 1.2710. A clear break below that area could lead price to neutral zone in nearest term but key support is seen at 1.2635 which need to be clearly broken to the downside to nullify the pin bar bullish scenario targeting 1.2500 area.
USDJPY
The USDJPY was indecisive yesterday. The bias remains bearish in nearest term testing 109.25/00 region. Immediate resistance is seen around 110.35/50. A clear break above that area could lead price to neutral zone in nearest term testing the trend line resistance and 111.00 region which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 109.25/00 would expose 108.00 area.
USDCHF
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9650 support area. A clear break below that area could trigger further bearish pressure testing 0.9600 region. Immediate resistance remains around 0.9727. A clear break above that area could trigger further bullish pullback testing 0.9815 which remains a good place to sell with a tight stop loss. I still prefer a bearish scenario at this phase.
