EURUSD
The EURUSD was corrected lower yesterday bottomed at 1.1785. Price is still moving strongly above the trend line support and EMA 200 as you can see on my H1 chart below suggests a clear and valid bullish trend. The bias is neutral in nearest term probably with a little bearish bias testing 1.1775 – 1.1720 support area which is a good place to buy. Immediate resistance is seen around 1.1875. A clear break and daily close above that area would expose 1.2000 key resistance. Overall I remain bullish and only a clear break back below 1.1650/00 and the trend line support could interrupt the bullish outlook and activate my neutral mode.
GBPUSD
The GBPUSD was indecisive yesterday. Overall price is still in a valid bullish trend, moving above EMA 200 and trend line support as you can see on my H1 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.3160. A clear break below that area could trigger further bearish correction testing 1.3125 – 1.3075 support area which is a good place to buy. Immediate resistance is seen around 1.3250. A clear break and daily close above that area would expose 1.3350 region. Overall I remain bullish and only a clear break back below 1.3000 would interrupt the bullish outlook and activate my neutral mode.
USDJPY
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 110.80 region. A clear break above that area could trigger further bullish pressure testing 111.30/50 area. Immediate support is seen around 110.25. A clear break below that area could trigger further bearish pressure testing the trend line support located around 109.50/00 region which remains a good place to buy with a tight stop loss as a clear break below the trend line support would activate my bearish mode.
USDCHF
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 0.9700. A clear break and daily close above that area could trigger further bullish pressure testing 0.9756 – 0.9807 key resistance which remains a good place to sell. Immediate support is seen around 0.9620. A clear break and daily close below that area could trigger further bearish pressure testing 0.9550 region but key support remains at 0.9450.
