EURUSD
The EURUSD attempted to push lower yesterday bottomed at 1.1704 but closed higher at 1.1772. We have 2 consecutive bullish pin bar printed on daily chart as you can see on my daily chart below, suggests a bullish scenario. The bias is bullish in nearest term testing 1.1850 – 1.1910 region. Immediate support is seen around 1.1750. A clear break below that area could lead price to neutral zone in nearest term testing 1.1700 region but only a clear break below 1.1650 would interrupt the bullish outlook. On the upside, a clear break and daily close above 1.1910 would expose 1.2000 or higher.
GBPUSD
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias and hit a fresh two-week low at 1.2951. The bias remains bearish in nearest term testing 1.2930 – 1.2865 region. Immediate resistance is seen around 1.3015. A clear break above that area could lead price to neutral zone in nearest term testing 1.3050 but key resistance remains at 1.3125 region which need to be clearly broken to the upside to reactivate my bullish mode.
USDJPY
The USDJPY had a significant bearish momentum yesterday, broke below the trend line support as you can see on my daily chart below, bottomed at 109.15 and hit 108.99 earlier today in Asian session. This fact activates my bearish mode. The bias is bearish in nearest term testing 108.15. Immediate resistance is seen around 109.50. A clear break above that area could lead price to neutral zone in nearest term and reactivate my neutral mode as we might have a potential false break situation. On the downside, a clear break and daily/weekly close below 108.15 would expose 106.70 and 105.00 region next week.
USDCHF
The USDCHF attempted to push higher yesterday topped at 0.9675 but closed lower at 0.9625 and hit 0.9612 earlier today in Asian session. The bias remains bearish in nearest term testing 0.9550 area. Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term retesting 0.9765 – 0.9807 key resistance which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily/weekly close below 0.9550 would expose 0.9450 key support which is a good place to buy with a tight stop loss.
