EURUSD
The EURUSD continued its bullish momentum last week topped at 1.0824 and hit 1.0849 earlier today in Asian session. Price is still in a bullish phase, moving convincingly above the H1 EMA 200 and a trend line support as you can see on my H1 chart below. The bias is bullish in nearest term testing 1.0870 key resistance which is a good place to sell with a tight stop loss. Immediate support is seen around 1.0795. A clear break below that area could lead price to neutral zone in nearest term testing 1.0750 area where H1 EMA 200 and the trend line support converge which is a good place to buy with a tight stop loss as a clear break below that area (especially if that happen after a rejection above 1.0870 ) would be a serious threat to the current short term bullish bias. On the upside, a clear break and daily close above 1.0870 could quickly target 1.1000 this week.
GBPUSD
The GBPUSD continued its bullish momentum last week topped at 1.2531. Price is still moving convincingly above the H1 EMA 200 as you can see on my H1 chart below suggests a valid short-term bullish trend. The bias remains bullish in nearest term testing 1.2570 – 1.2600 region. Immediate support is seen around 1.2460. A clear break below that area could lead price to neutral zone in nearest term testing 1.2400 support area. On the upside, a clear break and daily close above 1.2570 – 1.2600 would expose 1.2770 region this week. Overall I remain neutral.
USDJPY
The USDJPY continued its bearish momentum last week slipped below 111.30 and daily EMA 200 key support as you can see on my daily chart below suggests a bearish outlook and hit 110.25 earlier today in Asian session. The bias remains bearish in nearest term testing 109.80. Immediate resistance is seen around 110.80. A clear break above that area could lead price to neutral zone in nearest term testing 111.30 which is a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 109.80 would expose 108.50/00 region. I am bearish on this pair.
USDCHF
The USDCHF continued its bearish momentum last week bottomed at 0.9881 and hit 0.9875 as a part of the bearish scenario after fell below the bullish channel as you can see on my H4 chart below. The bias is bearish in nearest term testing 0.9800. Immediate resistance is seen around 0.9930. A clear break above that area could lead price to neutral zone in nearest term testing 1.0000 area. Overall I remain neutral.
