EURUSD
The EURUSD had a bearish momentum yesterday bottomed at 1.1699. The bias remains bearish in nearest term testing 1.1600 region. Immediate resistance is seen around 1.1780. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 1.1900/35 key resistance could potentially end the current bearish correction phase. On the downside, a clear break and daily/weekly close below 1.1600 would expose 1.1450 region next week.
GBPUSD
The GBPUSD continued to trade lower yesterday, broke below 1.3150 support area, bottomed at 1.3107. The bias remains bearish in nearest term testing 1.3030. A clear break and daily/weekly close below that area could trigger further bearish pressure testing the daily EMA 200 and the trend line support as you can see on my daily chart below, located around 1.2980/50 area. Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.3400 price is still in a bearish correction phase.
USDJPY
The USDJPY had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. My H1 chart bias remains bullish, but we need a clear break above 113.20 key resistance to continue the bullish phase targeting 114.50 region. Immediate support is seen around 112.32. A clear break below that area could trigger further bearish pressure testing 111.65 key support. Overall I remain neutral.
USDCHF
The USDCHF had a bullish momentum yesterday topped at 0.9795. The bias is bullish in nearest term but note that price is inside my key resistance zone as you can see on my daily chart below which is a good place to sell with a tight stop loss above 0.9807. Immediate support is seen around 0.9765. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 area. On the upside, a clear break and daily/weekly close above 0.9807 would activate my bullish mode targeting 0.9950 region next week.
