EURUSD
The EURUSD continued its bullish momentum yesterday topped at 1.1390 and hit 1.1419 earlier today in Asian session. The bias remains bullish in nearest term testing 1.1425. A clear break above that area could trigger further bullish pressure testing 1.1500 region before targeting 1.1615 area. Immediate support is seen around 1.1350. A clear break below that area could lead price to neutral zone in nearest term testing 1.1300 – 1.1285 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
GBPUSD
The GBPUSD continued its bullish momentum yesterday topped at 1.2971. The bias remains bullish in nearest term testing 1.3050. Immediate support is seen around 1.2915. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.2815 price is still in a bullish phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.3050 would activate my bullish mode.
USDJPY
The USDJPY was indecisive yesterday. Price attempted to push lower, bottomed at 111.83 but whipsawed to the upside and closed higher at 112.32. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 113.00 region. Immediate support is seen around 111.78/45 area. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above 110.65 price is still in a bullish phase. On the upside, a clear break and daily close above 113.00 would expose 114.30 region.
USDCHF
The USDCHF attempted to push higher yesterday topped at 0.9647 but closed lower at 0.9597. The bias remains bearish in nearest term testing 0.9550 – 0.9500 area. However, from a daily chart perspective as you can see on my daily chart below, 0.9550 – 0.9450 region is a major support area, which is a good place to buy. Immediate resistance is seen around 0.9647 (yesterday’s high). A clear break above that area would interrupt the bearish phase testing 0.9765 region.
