EURUSD

The EURUSD attempted to push lower last week slipped below 1.0850 key support but closed higher at 1.0931. The bias is bullish in nearest term testing 1.0950. A clear break above that area would expose 1.1020 region. Immediate support is seen around 1.0900. A clear break below that area could lead price to neutral zone in nearest term retesting 1.0850 key support which remains a good place to buy with a tight stop loss as a clear break and daily close below that area would expose the pre-gap level at 1.0730. Overall I remain neutral.

GBPUSD

The GBPUSD had a bearish momentum last week bottomed at 1.2844 after formed a triple top formation as you can see on my H1 chart below. The bias is bearish in nearest term testing 1.2830. A clear break and daily close below that area would expose 1.2780 which is a good place to buy with a tight stop loss. Overall I remain bullish. Immediate resistance is seen around 1.2910. A clear break above that area could lead price to neutral zone in nearest term retesting 1.2985 region.

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USDJPY

The USDJPY attempted to push higher last week topped at 114.36 but closed lower at 113.34. The bias is neutral in nearest term probably with a little bearish bias testing 113.00 area which is a good place to buy with a tight stop loss targeting 115.00. Immediate resistance is seen around 113.50. A clear break above that area could trigger further bullish pressure testing 114.00/35 area. Overall I still prefer a bullish scenario but a clear break and daily close back below 113.00 would activate my wait and see mode as direction would become unclear.

USDCHF

The USDCHF had a bullish momentum last week slipped above the trend line resistance but closed back below the trend line resistance as you can see on my H4 chart below. The H4 EMA 200 (located around 0.9990) still provides a good support so far. The bias is neutral in nearest term. Immediate resistance is seen around 1.0050. A clear break above that area could trigger further bullish pressure testing 1.0085 or higher. On the downside, a clear break below 0.9990 would expose 0.9950/00 region. Overall I remain neutral.

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