EURUSD
The EURUSD had a moderate bullish momentum yesterday topped at 1.1687. The bias is bullish in nearest term testing 1.1725/50 area but as long as stay below 1.1900 the “head and shoulders” bearish scenario remains intact and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.1625. A clear break below that area could lead price to neutral zone in nearest term testing 1.1575 area. A clear break and daily/weekly close below that area would expose 1.1450 region next week. Fundamental focus today will be on the US NFP number which is expected to be around 312K.
GBPUSD
The GBPUSD had a strong bearish momentum yesterday following a failure to break above 1.3330 key resistance, bottomed at 1.3042. The bias is bearish in nearest term testing the daily EMA 200 located around 1.3000 region which remains a good place to buy with a tight stop loss as a clear break and daily/weekly close below 1.3000 would stop the major bullish trend with a potential bearish reversal scenario. Immediate resistance is seen around 1.3135. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 region. Fundamental focus today will be on the US NFP number which is expected to be around 312K
USDJPY
The USDJPY attempted to push lower yesterday bottomed at 113.53 but closed higher at 114.08. The bias is neutral in nearest term probably with a little bullish bias testing 114.50 key resistance which remains a good place to sell with a tight stop loss as a clear break above that area would expose 115.50 or higher. Immediate support is seen around 113.75. A clear break below that area could trigger further bearish pressure testing 113.20 support area. Fundamental focus today will be on the US NFP number which is expected to be around 312K. Overall I remain neutral.
USDCHF
The USDCHF attempted to push lower yesterday bottomed at 0.9949 but closed higher at 0.9993. The bias is neutral in nearest term. Overall I remain bullish but need a clear break above 1.0037 key resistance to resume the bullish scenario testing 1.0100 or higher. Immediate support is seen around 0.9940. A clear break and daily/weekly close below that area would expose 0.9835 next week. Fundamental focus today will be on the US NFP number which is expected to be around 312K.
