EURUSD
The EURUSD attempted to push higher last week slipped above 1.1670 resistance but closed lower at 1.1608. The bias is bearish in nearest term testing 1.1500 – 1.1450 region as a part of the “head and shoulders” bearish reversal scenario as you can see on my daily chart below. Immediate resistance is seen around 1.1670. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.1900 I remain bearish and any upside pullback should be seen as a good opportunity to sell.
GBPUSD
The GBPUSD attempted to push higher last week topped at 1.3320 but whipsawed to the downside and closed lower at 1.3074. The bias is bearish in nearest term testing 1.3000 key support which remains a good place to buy with a tight stop loss as a clear break below that area would stop the major bullish trend and could be an early signal of a bearish reversal scenario. Immediate resistance is seen around 1.3130. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 region but key resistance remains at 1.3330 area.
USDJPY
The USDJPY was indecisive last week. Price attempted to push lower bottomed at 112.96 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 113.75/50. A clear break below that area could trigger further bearish pressure testing 113.20/00 region. Overall I remain neutral.
USDCHF
The USDCHF was indecisive last week. Price trapped between 1.0037 – 0.9940 range area as you can see on my daily chart below suggests a consolidation phase. The bias is neutral in nearest term. Overall I remain bullish but need a clear break above 1.0037 to resume the bullish trend testing 1.0100 or higher. On the downside, a clear break and daily close below 0.9940 would expose 0.9835 support area.
