EURUSD

The EURUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.0850 key support which is a good place to buy with a tight stop loss as a clear break below that area would expose the pre-gap level at 1.0730 and the trend line support area as you can see on my H1 chart below. Immediate resistance remains around 1.0905 (H1 EMA 200). A clear break back above that area would give another chance to the bullish scenario testing 1.0950 or higher. Overall I remain neutral.

GBPUSD

The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall I still prefer a bullish scenario at this phase, but we have a triple top formation as you can see on my H1 chart below, which is not a good sign for the bullish trend. We need a clear break above 1.2985 to continue the bullish scenario. Immediate support is seen around 1.2900. A clear break below that area could trigger further bearish pressure testing 1.2865 – 1.2830 support area which remains a good place to buy with a tight stop loss.

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USDJPY

The USDJPY attempted to push lower yesterday bottomed at 113.62 but closed higher at 114.28. The bias remains bullish in nearest term testing 115.00 area. Immediate support is seen around 114.00. A clear break below that area could lead price to neutral zone in nearest term testing 113.60 which is a good place to buy with a tight stop loss. Overall I still prefer a bullish scenario at this phase as a part of the bullish continuation scenario after broke above the trend line resistance as you can see on my H4 chart below.

USDCHF

The USDCHF was indecisive yesterday but overall still able to maintain its bullish bias since broke above the trend line resistance as you can see on my H4 chart below. The bias remains bullish in nearest term testing 1.0170 area. Immediate support is seen around 1.0050. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.

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