EURUSD
The EURUSD continued to trade higher yesterday slipped above 1.1850 resistance area and traded just above my bearish correction zone as you can see on my daily chart below. The bias remains bullish in nearest term but I need a clear break above 1.1900 to give further confirmation that the bearish correction phase is no longer valid targeting 1.2000 – 1.2090 region. Immediate support is seen around 1.1850. A clear break and daily close back below that area would keep the bearish correction phase remains intact. Overall I remain bullish.
GBPUSD
The GBPUSD didn’t make significant movement yesterday but overall continues to trade higher and hit a new weekly high at 1.3247 earlier today in Asian session. The bias remains bullish in nearest term testing 1.3330 key resistance. A clear break and daily close above that area would end the bearish correction phase and reactivate my bullish mode retesting 1.3615 resistance area. Immediate support is seen around 1.3150. A clear break and daily close back below that area would keep the bearish correction phase alive and kicking testing the daily EMA 200 and the trend line support. Overall I remain bullish.
USDJPY
The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but price is still in a bearish phase after printed a bearish pin bar at 113.20 key resistance as you can see on my daily chart below. Immediate support remains around 111.65. A clear break and daily close below that area would expose 111.00 – 110.65 area. Overall I remain neutral.
USDCHF
The USDCHF was indecisive yesterday but overall still able to maintain its bearish bias since formed a bearish pin bar as you can see on my daily chart below, hit a fresh weekly low at 0.9717. The bias remains bearish in nearest term testing 0.9700 – 0.9650 region. Immediate resistance is seen around 0.9765. A clear break above that area could lead price to neutral zone in nearest term testing 0.9807/36 key resistance area. Overall I remain neutral.
