EURUSD
The EURUSD had a bearish momentum yesterday bottomed at 1.0599. Price closed a little bit below the H4 EMA 200 suggests a potential bearish outlook especially if price able to make a clear break below 1.0600 testing 1.0500 – 1.0450 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0650. A clear break above that area could lead price to neutral zone in nearest term testing 1.0700 – 1.0750 region. Overall I remain neutral.
GBPUSD
The GBPUSD had a bearish momentum yesterday slipped below 1.2135 but still unable to closed below that support area so far. The bias is bearish in nearest term especially if price able to make a clear break below 1.2135/00 support area but note that any movement near 1.2000 psychological level should be seen as a good opportunity to buy with a tight stop loss below 1.2000. Immediate resistance is seen around 1.2175. A clear break above that area could lead price to neutral zone in nearest term testing 1.2215 or higher. Overall I remain neutral.
USDJPY
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 114.35/00 area. Immediate resistance is seen around 115.20 followed by 115.60 which remains a good place to sell with a tight stop loss as a clear break and daily close above 115.60 would expose 117.00 – 118.60 region.
USDCHF
The USDCHF failed to continue its bearish momentum yesterday topped at 1.0107 after unable to break below the H4 EMA 200. I have made some adjustments to the bullish channel on my H4 chart below. The bias is neutral in nearest term probably with a little bullish bias testing 1.0150 – 1.0200 area. Immediate support is seen around 1.0070. A clear break and daily close below that area would expose 1.0000 region. Overall I remain neutral.
