EURUSD
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.1950. A clear break above that area could trigger further bullish pressure testing 1.2000 psychological /key level which need to be clearly broken to the upside to end the current bearish correction phase targeting 1.2175 area. Immediate support is seen around 1.1900. A clear break below that area could trigger further bearish pressure testing 1.1823 key support. Overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
GBPUSD
The GBPUSD attempted to push higher yesterday topped at 1.3082 but closed lower at 1.3041, formed a bearish pin bar as you can see on my daily chart below, suggests a potential bearish view. The bias is bearish in nearest term testing 1.2980 support area. Immediate resistance is seen around 1.3082. A clear break above that area would nullify the bearish pin bar scenario targeting 1.3125/60 region as nearest bullish target. Overall I remain neutral.
USDJPY
The USDJPY attempted to push lower yesterday slipped below 108.70 key support but again, unable to make a clear break below that key level and closed higher at 109.17. The bias is neutral in nearest term. Key support remains at 108.70, which is a good place to buy with a tight stop loss. Immediate resistance is seen around 109.40. A clear break above that area could trigger further bullish pressure testing 110.00 region but key resistance is seen at 111.00 which is a good place to sell. On the downside, a clear break and consistent movement below 108.70 would expose 108.00 – 107.50 as nearest bearish target. Overall I remain neutral.
USDCHF
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 0.9525. A clear break and daily close below that area could trigger further bearish pressure testing 0.9450 key support which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 0.9615 followed by 0.9650 but key resistance remains at 0.9765 – 0.9807 region which remains a good place to sell with a tight stop loss. Overall I remain neutral.
