EURUSD
The EURUSD attempted to push lower yesterday bottomed at 1.1434 but closed higher at 1.1477 and breaks above 1.1500, hit 1.1532 earlier today in Asian session. The bias remains bullish in nearest term testing 1.1615 region (weekly EMA 200 and 2016 high). Immediate support is seen around 1.1485/65 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.1400 support area but as long as stay above 1.1285 key support I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break above 1.1615 would expose 1.1712 region (2015 high).
GBPUSD
The GBPUSD was corrected lower yesterday but overall still maintain its bullish bias and able to stay above 1.3050 key support so far. The bias remains bullish in nearest term testing 1.3200 area. Immediate support is seen around 1.3050 region. A clear break back below that area could lead price to neutral zone in nearest term testing 1.3000 region. On the upside, a clear break and daily close above 1.3200 would expose 1.3350 area.
USDJPY
The USDJPY was indecisive yesterday but overall still able to maintain its bearish short-term bias and hit 112.15 earlier today in Asian session. The bias remains bearish in nearest term as a part of the bearish scenario after the appearance of the bearish pin bar last week, testing 111.45 region (daily EMA 200). Immediate resistance is seen around 112.75. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 region. On the downside, a clear break and daily close below 111.45 would expose 111.30/00 area. Overall I am neutral on this pair.
USDCHF
The USDCHF was indecisive yesterday but traded lower earlier today in Asian session hit 0.9589. The bias remains bearish in nearest term testing 0.9550 – 0.9450 area which remains a key support and good place to buy with a tight stop loss below 0.9450. Immediate resistance is seen around 0.9635. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9700 region. As you can see on my daily chart below, price is still moving below the daily EMA 200 suggests a bearish view with key resistance seen at 0.9700 – 0.9765 region. On the downside, a clear break below 0.9450 would expose 0.9250 area.
