EURUSD
The EURUSD had a bearish momentum yesterday bottomed at 1.1687 but closed a little bit higher at 1.1734. Price slipped below the trend line support as you can see on my daily chart below suggests a serious threat to the bullish outlook but as long as stay above 1.1650 I still prefer to buy on the dips with nearest target seen at 1.2000.The bias is bearish in nearest term. Immediate resistance is seen around 1.1770. A clear break above that area could lead price to neutral zone in nearest term testing 1.1850 area. On the downside, a clear break and daily close below 1.1650 would activate my neutral mode with a bearish short-term bias testing 1.1500 region.
GBPUSD
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2846, touched the trend line support and daily EMA 200 as you can see on my daily chart below. The bias remains bearish in nearest term but buying at the trend line support is a good idea with a tight stop loss as a clear break and daily close below the trend line support would expose 1.2600 region. Immediate resistance is seen around 1.2888. A clear break above that area could lead price to neutral zone in nearest term testing 1.2950 or higher. Overall I remain neutral.
USDJPY
The USDJPY continued its bullish momentum yesterday topped at 110.84. The bias remains bullish in nearest term testing 111.00 – 111.50 area as a part of the bullish scenario after the appearance of the bullish pin bar as you can see on my daily chart below. Immediate support is seen around 110.35. A clear break below that area could lead price to neutral zone in nearest term testing 109.80 region. Overall I am neutral on this pair.
USDCHF
The USDCHF attempted to push higher yesterday topped at 0.9758 but closed a little bit lower at 0.9726. The bias is neutral in nearest term. Immediate support is seen around 0.9700. A clear break below that area could trigger further bearish pressure testing 0.9650/20 support area. On the upside, 0.9765 – 0.9807 remains a key resistance and a good place to sell with a tight stop loss as a clear break above that area would activate my bullish mode.
