EURUSD
The EURUSD had a significant bullish momentum yesterday broke above 1.1285 key resistance, topped at 1.1349 and hit 1.1355 earlier today in Asian session. This fact ends the bearish correction phase. The bias is bullish in nearest term testing 1.1425 area. Immediate support is seen around 1.1305 – 1.1285. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above 1.1080 key support I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.1425 would expose 1.1615 region.
GBPUSD
The GBPUSD had a bullish momentum yesterday topped at 1.2859 but closed a little bit lower at 1.2812. The bias is bullish in nearest term testing 1.2900 area or higher. However, we have a bearish pin bar as you can see on my H4 chart below, suggest a potential bearish view. It’s better to wait for a clear break above 1.2859 to buy this pair, targeting 1.3000 – 1.3050 region. Immediate support is seen around 1.2775. A clear break below that area could lead price to neutral zone in nearest term but would give further confirmation to the bearish pin bar scenario testing 1.2700 region. Overall I remain neutral.
USDJPY
The USDJPY attempted to push lower yesterday bottomed at 111.46 but whipsawed to the upside and closed higher at 112.34. The bias is bullish in nearest term testing 113.00 region. Immediate support is seen around 111.78/45 area. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above 110.65 price is still in a bullish phase. On the upside, a clear break and daily close above 113.00 would expose 114.30 region. Overall I remain neutral.
USDCHF
The USDCHF had a strong bearish momentum yesterday bottomed at 0.9592. The bias is bearish in nearest term testing 0.9550 – 0.9500 region. Immediate resistance is seen around 0.9615. A clear break above that area could lead price to neutral zone in nearest term testing 0.9675 but as long as stay below 0.9765 I remain bearish and any upside pullback should be seen as a good opportunity to sell.
