EURUSD
The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. We have an interesting fact as you can see on my H4 chart below, where the H4 EMA 200 provides a valid and strong support during the bullish run, a good place to buy this pair, located around 1.1285 area. Immediate resistance is seen around 1.1455. A clear break above that area could trigger further bullish pressure testing 1.1500 – 1.1530 or higher. On the downside, a clear break and daily/weekly close below 1.1285 would interrupt the bullish outlook.
GBPUSD
The GBPUSD had a bullish momentum yesterday broke above 1.2925 resistance after bounced-off the daily EMA 200 as you can see on my daily chart below. This fact cancels the bearish pin bar scenario. The bias is bullish in nearest term testing 1.3000 – 1.3050 resistance area which remains a good place to sell with a tight stop loss above 1.3050. Immediate support is seen around 1.2900. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.2850/15 region. Overall I remain neutral.
USDJPY
The USDJPY attempted to push lower yesterday bottomed at 112.86 but closed higher at 113.28 and hit 113.57 earlier today in Asian session. We have a bullish pin bar near 112.75 support area as you can see on my daily chart below suggests that price is probably ready to continue its bullish run after corrected lower from 114.50 on Tuesday. The bias is bullish in nearest term testing 114.00 – 114.50 region. On the downside, a clear break and daily/weekly close below 112.75 would activate my neutral mode with a short-term bearish bias.
USDCHF
The USDCHF was indecisive yesterday. The bias remains neutral in nearest term. Price has been moving sideways without clear direction this week and now struggling around 0.9675 resistance area as you can see on my daily chart below. Immediate resistance is seen around 0.9696. A clear break above that area would expose 0.9765 resistance area. Immediate support is seen around 0.9600 but key support remains between 0.9550 – 0.9450 region which remains a good place to buy with a tight stop loss below 0.9450.
