EURUSD
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bearish phase since the false break above 1.0873 key resistance two weeks ago but as you can see on my H4 chart below price respecting a trend line support which is a good place to buy with a tight stop loss as a clear break below the trend line support and 1.0570 area would expose 1.0500 region. Immediate resistance is seen around 1.0620. A clear break above that area could trigger further bullish pressure testing 1.0700 region. On the downside, a clear break and daily close below 1.0500 would expose 1.0350 area. Overall I remain neutral.
GBPUSD
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.2428. The bias is neutral in nearest term. The bearish outlook after broke below the triangle (see my H1 chart below) remains valid with 1.2450 as key resistance (H1 EMA 200). A clear break above that area would nullify the bearish scenario testing 1.2500 region. Immediate support is seen around 1.2375. A clear break below that area would expose 1.2300 region. Overall I remain neutral.
USDJPY
The USDJPY attempted to push higher yesterday topped at 111.57 but closed lower back below 111.30 key resistance and hit 110.62 earlier today in Asian session. The bias is neutral in nearest term probably with a little bearish bias testing 110.10 key support which is a good place to buy with a tight stop loss as a clear break and daily close below that area could trigger further bearish pressure testing 108.50 region. On the upside, 111.30 remains a key resistance. Any sustained movement above that level could trigger further bullish pressure testing 112.00 or higher.
USDCHF
The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall price is still in a bullish phase with 1.0020 – 1.0060 as key support area targeting 1.0170 area. A clear break and daily close above that area would expose 1.0250 or higher. On the downside, a clear break and daily close back below 1.0020 would be a threat to the bullish phase testing 0.9970 region. Overall I remain neutral.
