EURUSD
The EURUSD continued its bullish momentum yesterday topped at 1.1658. The bias is bullish in nearest term testing 1.1712 (2015 high). Immediate support is seen around 1.1580. A clear break below that area could lead price to neutral zone in nearest term testing 1.1500 region 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 and daily/weekly close above 1.1712 would expose 1.1870 – 1.2000 region next week.
GBPUSD
The GBPUSD had a bearish momentum yesterday bottomed at 1.2932. The bias remains bearish in nearest term as a part of the bearish scenario after formed a bearish pin bar at 1.3100 resistance area as you can see on my daily chart below. Note that the trend line support and 1.2935/00 area is a good support which need to be clearly broken to the downside to continue the bearish scenario testing 1.2810/00 area. Immediate resistance is seen around 1.3000 – 1.3030 region. A clear break above that area could lead price to neutral zone in nearest term retesting 1.3100 key resistance which need to be clearly broken to the upside to stop the bearish scenario and reactivate my bullish mode.
USDJPY
The USDJPY was volatile but indecisive yesterday. The bias is neutral in nearest term. Although we haven’t seen a nice and convincing bullish run, as long as stay above 111.45 key support, the bullish pin bar scenario should remain intact testing 112.75 area. A clear break and daily/weekly close above that area would expose 113.50 – 114.50 region next week. On the downside, a clear break and daily/weekly close below 111.45 would expose 110.25/00 region or lower. Overall I remain neutral.
USDCHF
The USDCHF attempted to push higher yesterday topped at 0.9618 but closed lower at 0.9513. We have a bearish pin bar (continuation) formation as you can see on my daily chart below suggests a potential bearish view after a rejection to move above 0.9620 resistance area. The bias is bearish in nearest term testing 0.9450 which remains a good place to buy with a tight stop loss as a clear break and daily/weekly close below that area would expose 0.9250 region next week. Immediate resistance is seen around 0.9550 followed by 0.9620.
