EURUSD
The EURUSD had a bullish momentum yesterday topped at 1.0675 after bounced off the trend line support as you can see on my H4 chart below. The bias is bullish in nearest term testing 1.0700 – 1.0750 area. Immediate support is seen around 1.0630. A clear break below that area could lead price to neutral zone in nearest term retesting the trend line support and 1.0580 support area. On the upside, a clear break and daily close above 1.0750 would expose 1.0873 key resistance once again. Overall I remain neutral.
GBPUSD
The GBPUSD continued its bullish momentum yesterday topped at 1.2547 and hit 1.2555 earlier today in Asian session. The bias remains bullish in nearest term retesting 1.2615 region as a part of the bullish phase after rejection below 1.2375 key support as you can see on my H1 chart below. Immediate support is seen around 1.2520. A clear break below that area could lead price to neutral zone in nearest term testing 1.2480 area. Overall I remain neutral.
USDJPY
The USDJPY continued its bearish momentum yesterday bottomed at 108.95 and hit 108.74 earlier today in Asian session. The bias remains bearish in nearest term testing 108.50 – 107.80 region as a part of the bearish continuation scenario after broke below the range area as you can see on my daily chart below. Immediate resistance is seen around 109.20. A clear break above that area could lead price to neutral zone in nearest term testing 109.85 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
USDCHF
The USDCHF had a bearish momentum yesterday and now struggling around 1.0020 support area which is a good place to buy with a tight stop loss as a clear break back below that area would nullify the bullish phase testing 0.9970 or lower. The bias is bearish in nearest term. Immediate resistance is seen around 1.0060. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase remains valid testing 1.0170 region. Overall I remain neutral.
