EURUSD
The EURUSD attempted to push higher last week topped at 1.1910 but whipsawed to the downside and closed lower at 1.1770. The bias is bearish in nearest term but 1.1775 – 1.1720 area remains a good place to buy targeting 1.2000 region and only a clear break back below 1.1650 could interrupt the bullish outlook. Immediate resistance is seen around 1.1830. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1910 region. On the downside, a clear break below 1.1650 would activate my neutral mode as direction would become unclear.
GBPUSD
The GBPUSD attempted to push higher last week topped at 1.3265 but whipsawed to the downside and closed lower at 1.3041. Price is still moving above the daily EMA 200 but slipped below the trend line support as you can see on my daily chart below, which is a threat to the bullish outlook especially if price able to make a clear break and daily close below 1.3000 key support testing the daily EMA 200 located around 1.2865. On the upside, we need a clear break back above 1.3125 to keep the bullish outlook remain strong targeting 1.3350 region.
USDJPY
The USDJPY was indecisive last week. Overall price is still in a bearish phase since fell from 114.50 but still respects the trend line support as you can see on my daily chart below, which remains a good place to buy with a tight stop loss. The bias is bullish in nearest term testing 111.25 region. A clear break above that area could trigger further bullish pressure testing 112.00 or higher. Overall I remain neutral but a clear break below the trend line support and 119.50/00 support area would activate my bearish mode.
USDCHF
The USDCHF was indecisive last week but overall still able to maintain its bullish short term bias after bounced off 0.9450 key support two weeks ago. The bias is bullish in nearest term testing 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss. Immediate support is seen around 0.9660. A clear break below that area could lead price to neutral zone in nearest term testing 0.9620 or lower.
