EURUSD
The EURUSD had a bearish momentum yesterday bottomed at 1.1873 as a part of the bearish correction phase after printed a bearish pin bar on Friday as you can see on my daily chart below. The bias is bearish in nearest term testing 1.1823 key support which is a good place to buy. Immediate resistance is seen around 1.1925. A clear break above that area could lead price to neutral zone in nearest term testing 1.2000 region. Overall I remain bullish but a clear break and daily close below 1.1823 key support could trigger further bearish correction scenario testing 1.1700 – 1.1600 support area. On the upside, we need a clear break at least above 1.2000 to continue the bullish scenario targeting 1.2175 region.
GBPUSD
The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.3184. Price is still moving above the EMA 200 as you can see on my H1 chart below suggests a valid bullish trend, but we may have a false breakout (above 1.3265) bearish scenario here, at least in short-term time frame. The bias is bearish in nearest term testing 1.3160 – 1.3082 support area. Immediate resistance is seen around 1.3265. A clear break and daily close above that area would keep the H1 chart bullish bias remain strong testing 1.3350 – 1.3400 area before targeting 1.3500 region
USDJPY
The USDJPY continued its bullish momentum yesterday topped at 110.68 and hit 110.73 earlier today in Asian session. The bias remains bullish in nearest term testing 111.00 key resistance. Immediate support is seen around 109.85. A clear break below that area could lead price to neutral zone in nearest term testing 109.25 or lower. The 4H chart technical bias remains bearish but a clear break and daily close above 111.000 key resistance would change the 4H chart bias to a neutral condition. Overall I remain neutral.
USDCHF
The USDCHF continued its bullish momentum yesterday topped at 0.9660. The bias remains bullish in nearest term testing 0.9700 area. Immediate support is seen around 0.9585 area. A clear break below that area could lead price to neutral zone in nearest term testing 0.9525 region but key support remains at 0.9450 area. On the upside, a clear break and daily close above 0.9700 would expose 0.9765 – 0.9807 key resistance which is a good place to sell with a tight stop loss.
