EURUSD
The EURUSD had another indecisive movement yesterday. Price attempted to push lower, bottomed at 1.1312 but closed a little bit higher at 1.1350. The bias is neutral in nearest term probably with a little bullish bias testing 1.1425 resistance area. A clear break and daily close above that area would continue the bullish scenario targeting 1.1500 – 1.1530 region. Immediate support is seen around 1.1285. A clear break and daily close below that area could trigger further bearish pressure testing 1.1180 region but overall I remains bullish and any downside pullback should be seen as a good opportunity to buy. Fundamental focus will be on the US NFP number tomorrow.
GBPUSD
The GBPUSD had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.3000 region but key resistance remains at 1.3050 which remains a good place to sell with a tight stop loss. Immediate support is seen around 1.2890/75. A clear break below that area could trigger further bearish pressure testing 1.2815/00 region. On the upside, a clear break and daily close above 1.3050 would activate my bullish mode. Fundamental focus will be on the US NFP number tomorrow.
USDJPY
The USDJPY was indecisive yesterday formed a Doji on daily chart. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 114.30 resistance area. Immediate support remains around 112.75/60 area. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 region or lower 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. Fundamental focus will be on the US NFP number tomorrow.
USDCHF
The USDCHF attempted to push higher yesterday, slipped above 0.9675 resistance but closed lower at 0.9640, formed a bearish pin bar as you can see on my daily chart below. This fact could end the bullish correction phase but note that 0.9550 – 0.9450 area remains a key support and good place to buy with a tight stop loss below 0.9450. Immediate resistance is seen around 0.9688 (yesterday’s high). A clear break above that area would expose 0.9765 region. Fundamental focus will be on the US NFP number tomorrow.
