EURUSD
The EURUSD attempted to push lower last week bottomed at 1.1837 but closed higher at 1.1947. The bias is neutral in nearest term but as long as stay above 1.1823 key support the major bullish trend should remain strong with nearest bullish target seen around 1.2175 region. Immediate support is seen around 1.1900 – 1.1870 area. Immediate resistance is seen around 1.2000. A clear break and daily close above that area could trigger further bullish pressure testing 1.2100 – 1.2175 region. On the downside, a clear break and daily close below 1.1823 key support would take price to a bearish correction zone testing 1.1700 – 1.1600 region.
GBPUSD
The GBPUSD continued its bullish momentum last week, topped at 1.3616. Price is moving strongly above the EMA 200 on H1, H4 and daily chart suggests a valid and strong bullish trend. The bias remains bullish in nearest term testing 1.3700 – 1.3750 area. Immediate support is seen around 1.3500. A clear break below that area could lead price to neutral zone in nearest term testing 1.3450 – 1.3400 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
USDJPY
The USDJPY had a strong bullish momentum last week slipped above 111.00 key resistance area as you can see on my H4 chart below. This fact changes my H4 chart technical bias to a neutral condition. The bias is bullish in nearest term testing 112.15 area. Immediate support is seen around 110.50. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
USDCHF
The USDCHF attempted to push higher last week topped at 0.9703 but closed lower at 0.9595. We have a bearish pin bar formation on daily chart as you can see on my daily chart below suggests a bearish scenario. The bias is bearish in nearest term testing 0.9525 area. A clear break and daily close below that area would expose 0.9450 key support which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 0.9650. A clear break above that area could lead price to a neutral zone in nearest term as direction would become unclear.
