EURUSD
The EURUSD was indecisive last week. Price gapped lower earlier today opened at 1.1899. Overall I remain bullish but price is still trapped between 1.2090 – 1.1823 range area as you can see on my daily chart below. The bias is 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 region. Immediate support is seen around 1.1865. A clear break below that area could trigger further bearish pressure testing 1.1823 key support which remains a good place to buy with a tight stop loss as a clear break below that area would take price to a bearish correction zone testing 1.1700 – 1.1600 region.
GBPUSD
The GBPUSD attempted to push higher last week slipped above 1.3615 key resistance but whipsawed to the downside and closed lower at 1.3484. Overall I remain bullish but the bias is bearish in nearest term testing 1.3400 – 1.3330 support area which is a good place to buy. Immediate resistance is seen around 1.3550. A clear break above that area could lead price to neutral zone in nearest term retesting 1.3615 key resistance which need to be clearly broken to the upside to continue the bullish scenario targeting 1.3700 – 1.3750 area as nearest bullish target. On the downside, a clear break below 1.3330 support area would take price to a bearish correction zone testing 1.3150 key support.
USDJPY
The USDJPY continued its bullish momentum last week topped at 112.71 but closed lower at 111.97. The bias is neutral in nearest term but as long as stay above 111.00 my H1 chart bias remains bullish targeting 113.50 as nearest bullish target. Immediate resistance is seen around 112.71. A clear break and daily close above that area could trigger further bullish pressure testing 113.50 or higher. Immediate support is seen around 111.65 followed by 111.00 key support. Overall I remain neutral.
USDCHF
The USDCHF had a bullish momentum last week topped at 0.9747 but closed a little bit lower at 0.9695. The bias is neutral in nearest term. Key resistance is seen around 0.9765 – 0.9807 area which is a good place to sell. Immediate support is seen around 0.9650. A clear break and daily close below that area could trigger further bearish pressure testing 0.9525 support area buy key support remains at 0.9450 which remains a good place to buy. Overall I am neutral on this pair.
