EURUSD
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.1925. A clear break and daily close below that area could trigger further bearish pressure testing 1.1823 key support. Immediate resistance is seen around 1.2030. A clear break and daily close above that area could trigger further bullish pressure testing 1.2100 – 1.2175 region. Overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
GBPUSD
The GBPUSD had a bullish momentum yesterday close above 1.3265 key resistance. This fact activates my bullish mode. The bias is bullish in nearest term testing 1.3400 region. Immediate support is seen around 1.3265 followed by 1.3220. A clear break and daily close back below 1.3220 would reactivate my neutral mode as direction would become unclear. On the upside, a clear break and daily close above 1.3400 would expose 1.3500 region.
USDJPY
The USDJPY continued its bullish momentum yesterday topped at 110.25 and hit 110.29 earlier today in Asian session. The bias remains bullish in nearest term but as long as stay below 111.00 key resistance the H4 chart bias should remain bearish. Immediate support is seen around 109.85/50. A clear break below that area could lead price to neutral zone in nearest term testing 109.00 support area. On the upside, a clear break and daily close above 111.00 would change the H4 chart bias to a neutral condition. Overall I remain neutral.
USDCHF
The USDCHF continued its bullish momentum yesterday topped at 0.9618. The bias remains bullish in nearest term testing 0.9650 – 0.9700 area. Immediate support is seen around 0.9550/25 region. A clear break below that area could lead price to neutral zone in nearest term retesting 0.9450 key support which remains a good place to buy with a tight stop loss as a clear break below that area would reactivate my bearish mode targeting 0.9250 region.
