EURUSD
The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term. Overall price is still in a short-term bearish phase after a false break above 1.0873 two weeks ago, but needs a clear break below the trend line support as you can see on my H4 below to continue the bearish phase testing 1.0500. Immediate support is seen around 1.0575. A clear break below that area could trigger further bearish pressure testing 1.500 region. Immediate resistance is seen around 1.0630. A clear break above that area could trigger further bullish pressure testing 1.0700 area. Overall I remain neutral.
GBPUSD
The GBPUSD had a bullish momentum yesterday topped at 1.2494. The bearish scenario after broke below the triangle formation is no longer valid and price is now traded back above the H1 EMA 200 as you can see on my H1 chart below suggests a potential bullish outlook. The bias is bullish in nearest term retesting 1.2615. Immediate support is seen around 1.2450. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
USDJPY
The USDJPY had a significant bearish momentum yesterday, broke below 110.10 key support and hit 109.34 earlier today in Asian session. The bias is bearish in nearest term testing 108.50 area. Immediate resistance is seen around 110.10. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. I am bearish on this pair.
USDCHF
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term but price is still in a bullish phase with key support seen at 1.0060 – 1.0020 region targeting 1.0170 area. A clear break back below 1.0020 (H4 EMA 200) would interrupt the bullish phase started from 0.9813. On the upside, a clear break and daily close above 1.0170 would expose 1.0250 or higher. Overall I remain neutral.
