EURUSD
The EURUSD was corrected lower yesterday bottomed at 1.1355. The bias is neutral in nearest term probably with a little bearish bias testing 1.1285 area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 1.1425. A clear break and daily close above that area could end the bearish correction phase testing 1.1500 – 1.1530 region. On the downside, a clear break and daily close back below 1.1285 would expose 1.1180 region but key support remains at 1.1080.
GBPUSD
The GBPUSD had a bearish momentum yesterday bottomed at 1.2932. It’s clear to me that price respects 1.3050 key resistance which need to be clearly broken to the upside to activate my bullish mode. The bias is bearish in nearest term testing 1.2900 – 1.2875 area. Immediate resistance is seen around 1.3000. A clear break above that area could trigger further bullish pressure retesting 1.3050 key resistance. On the downside, a clear break and daily close back below 1.2875 would expose 1.2815/00 region.
USDJPY
The USDJPY continued its bullish momentum yesterday topped at 113.47. The bias is bullish in nearest term testing 114.30 region. Immediate support is seen around 112.60. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 region but overall 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 114.30 would expose 115.50 region this week.
USDCHF
The USDCHF was corrected higher yesterday topped at 0.9642. The bias is bullish in nearest term testing 0.9675. A clear break above that area could trigger further bullish pressure testing 0.9765. Immediate support is seen around 0.9600. A clear break below that area could lead price to neutral zone in nearest term testing 0.9550 – 0.9450 key support area which remains a good place to buy with a tight stop loss below 0.9450 as a clear break below that area would expose 0.9250 region.
