EURUSD
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term but as long as stay below 1.1900 I still prefer a bearish scenario with nearest target seen at 1.1450. Immediate resistance is seen around 1.1670. A clear break above that area could trigger further bullish pressure testing 1.1725 region but any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.1575. A clear break and daily close below that area would expose 1.1450 region or lower as a part of the “head and shoulders” bearish reversal scenario as you can see on my daily chart below.
GBPUSD
The GBPUSD attempted to push higher yesterday topped at 1.3320 but closed lower at 1.3243. The bias is neutral in nearest term. The market still respects 1.3330 key resistance which need to be clearly broken to the upside to resume the major bullish trend retesting 1.3615 area. Immediate support is seen around 1.3200. A clear break below that area could trigger further bearish pressure testing 1.3150 or lower but key support remains at 1.3000. Overall I remain bullish.
USDJPY
The USDJPY continued to trade higher yesterday topped at 114.28. The bias remains bullish in nearest term testing 114.50 key resistance which is a good place to sell with a tight stop loss as a clear break above that area could trigger further bullish pressure testing 115.50 or higher. Immediate support is seen around 113.75. A clear break below that area could lead price to neutral zone in nearest term testing 113.20 support area. Overall I remain neutral.
USDCHF
The USDCHF had a bullish momentum yesterday topped at 1.0037. The bias is bullish in nearest term especially if price able to make a clear break above 1.0037 testing 1.0100 or higher. Immediate support is seen around 1.0000. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 0.9940 the overall short term bias should remain to the upside. Overall I remain bullish.
