EURUSD
The EURUSD continued to trade lower last week, hit a fresh five-week low at 1.1669 as a part of the bearish correction phase since fell from 1.2090. The bias is neutral in nearest term but as long as stay below 1.1850 price is still in a bearish correction zone testing 1.1600 region. Immediate resistance is seen around 1.1765 (H1 EMA 200). A clear break above that area could trigger further bullish pressure testing 1.1850 region. On the downside, a clear break and daily close below 1.1600 would expose 1.1450 area.
GBPUSD
The GBPUSD continued to trade lower last week hit a fresh three-week low at 1.3027. The bias is bearish in nearest term as a part of the bearish phase since formed a bearish pin bar after a false break above 1.3615 as you can see on my daily chart below, targeting the trend line support and the daily EMA 200 located around 1.2950 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term testing 1.3220 region. On the downside, a clear break below 1.2950 would change my major technical outlook to a neutral condition.
USDJPY
The USDJPY attempted to push higher last week slipped above 113.20 key resistance but closed lower at 112.65, formed a bearish pin bar as you can see on my daily chart below. The bias is bearish in nearest term testing 111.65 support area. A clear break and daily close below that area could trigger further bearish pressure testing 111.00 – 110.70 region. On the upside, a clear break and daily close above 113.20 key resistance would expose 114.50 area. Overall I remain neutral.
USDCHF
The USDCHF had a bullish momentum last week topped at 0.9836 but closed a little bit lower at 0.9777, printed a bearish pin bar formation as you can see on my daily chart below. Price is in a critical point. The bias is neutral in nearest term probably with a little bearish bias testing 0.9750/00 support area. On the upside, a clear break and daily close above 0.9807/36 would activate my bullish mode with nearest target seen around 0.9950/65 region.
