EURUSD
The EURUSD had a bearish momentum yesterday bottomed at 1.1132. The bias is bearish in nearest term. The false breakout above 1.1285 gave us a valid bearish signal targeting 1.1080 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1200. A clear break back above that area could lead price to neutral zone in nearest term but key resistance remains around 1.1285 which needs to be clearly broken to the upside to continue the bullish scenario testing 1.1350 – 1.1425 region. On the downside, a clear break and daily/weekly close below 1.1080 would nullify the bullish bias.
GBPUSD
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. The bullish pin bar appeared on H4 chart on June 9th remains valid but need a clear break above 1.2780 to confirm the bullish scenario targeting 1.2900 – 1.3000/50 region. Immediate support is seen around 1.2725. A clear break below that area could trigger further bearish pressure but only a clear break below 1.2635 would nullify the bullish pin bar scenario targeting 1.2500 region.
USDJPY
The USDJPY had a strong bullish momentum yesterday topped at 110.97 and hit 111.25 earlier today in Asian session. Price broke above the trend line resistance as you can see on my H4 chart below which nullify the bearish bias. I am not bullish yet, but short-term bias is bullish targeting 111.70 – 112.15 area. Immediate support is seen around 110.80. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 110.35 would stop the current short-term bullish bias.
USDCHF
The USDCHF had a bullish momentum yesterday topped at 0.9770. The bias is bullish in nearest term testing 0.9815 key resistance which is a good place to sell with a tight stop loss targeting 0.9600 – 0.9550 area. Immediate support is seen around 0.9715. A clear break below that area could lead price to neutral zone in nearest term testing 0.9680/50 region. On the upside, a clear break and daily/weekly close above 0.9815 would end the bearish outlook testing 0.9900 area or higher.
