EURUSD
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term but overall I remain bullish. Immediate support is seen around 1.1770 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 1.1720 support area which is a good place to buy. Immediate resistance is seen around 1.1850. A clear break above that area could trigger further bullish pressure retesting 1.1910 which need to be clearly broken to the upside to continue the bullish scenario targeting 1.2000 region. On the downside, only a clear break below 1.1650 would interrupt the bullish outlook.
GBPUSD
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.3000. A clear break below that area could trigger further bearish pressure testing 1.2930 – 1.2865 area. Immediate resistance is seen around 1.3060. A clear break above that area could trigger further bullish pressure testing 1.3125 area which need to be clearly broken to the upside to reactivate my bullish mode retesting 1.3265 region.
USDJPY
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bearish phase since fell from 114.50 last month testing a trend line support as you can see on my daily chart below, located around 109.50/00 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 111.25. A clear break and daily close above that area could trigger further bullish pressure testing 112.00 region or higher. On the downside, a clear break below the trend line support and 109.50/00 would activate my bearish mode.
USDCHF
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase since bounced-off 0.9450 key support two weeks ago but still respects 0.9765 – 0.9807 key resistance which remains a good place to sell. Immediate support is seen around 0.9700. A clear break below that area could trigger further bearish pressure testing 0.9660 or lower. On the upside, a clear break above 0.9807 would expose 0.9900/65 region.
