EURUSD
The EURUSD had a bearish momentum yesterday bottomed at 1.1880. The bearish pin bar on daily chart I showed you yesterday gave us a valid bearish signal. The bias is bearish in nearest term testing 1.1800 – 1.1770 region. Immediate resistance is seen around 1.1950. A clear break above that area could lead price to neutral zone in nearest term testing 1.2000. Overall I remain bullish but need a clear break above 1.2070 to end the current bearish correction phase and reactivate my bullish mode targeting 1.2175 or higher.
GBPUSD
The GBPUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Price has been moving sideways between 1.2980 – 1.2870 range area since Monday and we need a clear break from that range area to see clearer direction. A clear break and daily close below 1.2870 would expose 1.2775/00 region. On the other hand, a clear break and daily close above 1.2980 would expose 1.3050 – 1.3100 region or higher. Overall I remain neutral.
USDJPY
The USDJPY had a bullish momentum yesterday, broke above 109.85 resistance and hit 110.54 earlier today in Asian session. The bullish pin bar on daily chart I showed you yesterday gave us a valid bullish signal. The bias is bullish in nearest term testing 111.00 region, which located around the daily EMA 200. Immediate support is seen around 109.85. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I am neutral in this pair.
USDCHF
The USDCHF had a bullish momentum yesterday topped at 0.9645. The bullish pin bar I showed you yesterday gave us a valid bullish signal. The bias remains bullish in nearest term testing 0.9700 – 0.9765 area. Immediate support is seen around 0.9580. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear testing 0.9525 area but key support remains at 0.9450 region.
