EURUSD
The EURUSD had a bearish momentum yesterday bottomed at 1.1730 and hit 1.1707 earlier today in Asian session. The bias is bearish in nearest term testing 1.1600 region. Immediate resistance is seen around 1.1750. A clear break above that area could lead price to neutral zone in nearest term testing 1.1800 region but as long as stay below 1.1850 price is still in a bearish correction phase. On the downside, a clear break and daily close below 1.1600 would expose 1.1450 area. Overall I remain bullish.
GBPUSD
The GBPUSD had a significant bearish momentum yesterday broke below 1.3330 support area, bottomed at 1.3256 and hit 1.3241 earlier today in Asian session. Price is in a bearish correction zone now. The bias is bearish in nearest term testing 1.3150 region. Immediate resistance is seen around 1.3300 – 1.3330 region. A clear break above that area could lead price to neutral zone in nearest term testing 1.3400 area. Overall I remain bullish but need a clear break at least above 1.3400 to potentially end the current bearish correction phase.
USDJPY
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but overall price is still in a bullish phase targeting 113.50 area. Immediate support is seen around 112.66 (current low). A clear break below that area could trigger further bearish pressure testing 112.35 – 111.65 key support area which remains a good place to buy with a tight stop loss. Overall I remain neutral but as long as stay above 111.65 the H1 chart bias should remain bullish.
USDCHF
The USDCHF had a bullish momentum yesterday topped at 0.9754 and hit 0.9770 earlier today in Asian session. Price revisits the daily EMA 200 as you can see on my daily chart below. The bias is bullish in nearest term but 0.9765 – 0.9807 area remains a key resistance and good place to sell with a tight stop loss above 0.9807. Immediate support is seen around 0.9730. A clear break below that area could lead price to neutral zone in nearest term testing 0.9650 region. Overall I remain neutral.
