EURUSD

The EURUSD had a bullish momentum yesterday topped at 1.2059 and hit 1.2089 earlier today in Asian session. This fact ends the bearish correction phase. The bias is bullish in nearest term testing 1.2150/75 region. Immediate support is seen around 1.2017 (current low). A clear break below that area could lead price to neutral zone in nearest term testing 1.1980 region but overall 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 1.2150/75 would expose 1.2350 region next week.

GBPUSD

The GBPUSD had a bullish momentum yesterday topped at 1.3115 and hit 1.3138 earlier today in Asian session. This fact nullifies the bearish pin bar scenario and changes the technical bias to the upside. The bias is bullish in nearest term testing 1.3165. A clear break above that area could trigger further bullish pressure testing 1.3200 – 1.3265 resistance area. Immediate support is seen around 1.3082. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.

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USDJPY

The USDJPY had a significant bearish momentum yesterday, closed below 108.70 key support as you can see on my daily chart below. This fact activates my bearish mode. The bias is bearish in nearest term testing 107.50/00 support area. Immediate resistance is seen around 108.70. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear testing 109.25 resistance area.

USDCHF

The USDCHF had a bearish momentum yesterday bottomed at 0.9493 and slipped below 0.9450 key support earlier today in Asian session. The bias is bearish in nearest term but 0.9450 region is a good place to buy with a tight stop loss. Immediate resistance is seen around 0.9525. A clear break above that area could lead price to neutral zone in nearest term testing 0.9580 – 0.9600 region. On the downside, a clear break and consistent movement below 0.9450 would expose 0.9250/00 region next week.

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