EURUSD
The EURUSD had a bullish momentum yesterday topped at 1.0819. The bias is bullish in nearest term testing 1.0830 – 1.0873 area which is a good place to sell with a tight stop loss. Immediate support is seen around 1.0760. A clear break below that area could lead price to neutral zone in nearest term testing 1.0700 region. On the upside, a clear break and daily close above 1.0873 would expose 1.0950 – 1.1000 area and activate my bullish mode.
GBPUSD
The GBPUSD had a bullish momentum yesterday topped at 1.2494. The bias is bullish in nearest term testing 1.2570 region as a part of the bullish scenario after bounced from the triple bottom formation at 1.2135/08 as you can see on my daily chart below. Immediate support is seen around 1.2440. A clear break below that area could lead price to neutral zone in nearest term testing 1.2390 region but as long as stay above 1.2300 I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. Overall I remain neutral.
USDJPY
The USDJPY had a bearish momentum yesterday bottomed at 111.51 and hit 111.42 earlier today in Asia session. The bias remains bearish in nearest term but note that 111.50/30 region is a key support and good place to buy with a tight stop loss. Buying around that area gives us a better price and risk/reward ratio. Immediate resistance is seen around 112.30/50. A clear break above that area could lead price to neutral zone in nearest term testing 113.00 area or higher. On the downside, a clear break and daily close below 111.30 would reactivate my bearish mode as a part of the double top bearish scenario (118.60) as you can see on my H4 chart below.
USDCHF
The USDCHF had a bearish momentum yesterday bottomed at 0.9921. The bias remains bearish in nearest term testing 0.9870 as a part of the bearish scenario after broke below the bullish channel as you can see on my H4 chart below. Immediate resistance remains around 1.0000. A clear break above that area could lead price to neutral zone in nearest term testing 1.0050 area. Overall I remain neutral.
