EURUSD
The EURUSD attempted to push higher yesterday topped at 1.0714 but whipsawed to the downside and closed lower at 1.0650. The bias is neutral in nearest term probably with a little bearish bias testing 1.0630/00 support area which is a good place to buy with a tight stop loss as a clear break below that area would expose 1.0500 region. Immediate resistance is seen around 1.0675. A clear break above that area could trigger further bullish pressure testing 1.0750 – 1.0800 region which is a good place to sell. Overall I remain neutral and price has been moving sideways without clear direction so selling on resistances and buying on supports with a tight stop loss seems to be the best strategy.
GBPUSD
The GBPUSD had a bullish momentum yesterday topped at 1.2250 after formed a triple bottom formation (1.2135) as you can see on my daily chart below. The bias is bullish in nearest term testing 1.2300/50 region. Immediate support is seen around 1.2195. A clear break below that area could lead price to neutral zone in nearest term testing 1.2150/35 support area but key support remains at 1.2000 psychological level which remains a good place to buy. Overall I remain neutral.
USDJPY
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Key resistance remains at 115.60 region which is a good place to sell with a tight stop loss. Immediate support is seen around 114.35. A clear break and daily close below that area would expose 113.50/00 region. On the upside, a clear break and daily close above 115.60 would expose 117.00 – 118.60 area.
USDCHF
The USDCHF had a moderate bearish momentum yesterday bottomed at 1.0060. As you can see on my H4 chart below price slipped below the bullish channel but still struggling around the H4 EMA 200. The bias is bearish in nearest term testing 1.0000. Immediate resistance is seen around 1.0100. A clear break back above that area could lead price to neutral zone in nearest term testing 1.0150 area. Overall I remain neutral.
