EURUSD
The EURUSD had a strong bullish momentum yesterday topped at 1.0740. The bias is bullish in nearest term testing the daily EMA 200 located around 1.0830 area which is a good place to sell with a tight stop loss. Immediate support is seen around 1.0685. A clear break below that area could lead price to neutral zone in nearest term testing 1.0630/00 support area. Overall I remain neutral.
GBPUSD
The GBPUSD had a bullish momentum yesterday topped at 1.2308 after another failure to make a clear break below 1.2135 key support as you can see on my daily chart below. The bias is bullish in nearest term especially if price able to make a clear break above 1.2300 testing 1.2400. Immediate support is seen around 1.2225. A clear break below that area could lead price to neutral zone in nearest term testing 1.2175 but key support remains at 1.2135. Overall I remain neutral.
USDJPY
The USDJPY had a bearish momentum yesterday bottomed at 113.16. The bias is bearish in nearest term testing 112.50 area. Immediate resistance is seen around 114.00. 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 close below 112.50 would expose 111.50/30 key support which is a good place to buy with a tight stop loss
USDCHF
The USDCHF had a strong bearish momentum yesterday bottomed at 0.9984. Price broke below the bullish channel as you can see on my H4 chart below suggests a bearish outlook testing 0.9950 – 0.9870 support area. Immediate resistance is seen around 1.0050. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
