EURUSD
The EURUSD attempted to push lower yesterday bottomed at 1.1837 but closed higher at 1.1918. The bias is bullish in nearest term testing 1.2000 region. Immediate support is seen around 1.1870. A clear break below that area could lead price to neutral zone in nearest term retesting 1.1823 key support area which remains a good place to buy with a tight stop loss as a clear break and daily/weekly close below that area could trigger further bearish correction testing 1.1700 – 1.1600 region next week. Overall I remain bullish and still prefer to buy on dips with nearest target seen at 1.2175 area.
GBPUSD
The GBPUSD had a strong bullish momentum yesterday topped at 1.3405 after bounced off 1.3150 support area and the EMA 200 as you can see on my H1 chart below . The bias is bullish in nearest term testing 1.3500 area. Immediate support is seen around 1.3330. A clear break below that area could lead price to neutral zone in nearest term testing 1.3265 region but overall I am bullish on this pair and any downside pullback should be seen as a good opportunity to buy.
USDJPY
The USDJPY attempted to push higher yesterday slipped above 111.00 key resistance but whipsawed to the downside and closed lower at 110.21 and hit 109.54 earlier today in Asian session. We have a bearish pin bar formation as you can see on my H4 chart below suggests a bearish view. The bias is bearish in nearest term testing 109.25/00 area. Immediate resistance is seen around 110.50. A clear break above that area could lead price to neutral zone in nearest term retesting 111.00 key resistance area. As long as stay below 111.00, my H4 chart bias remains bearish. Overall I remain neutral.
USDCHF
The USDCHF attempted to push higher yesterday slipped above 0.9700 resistance area but whipsawed to the downside and closed lower at 0.9628, formed a bearish pin bar formation as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9585 area. Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily/weekly close below 0.9585 would retest 0.9450 key support area next week.
