EURUSD
The EURUSD attempted to push higher yesterday topped at 1.1792 but closed lower at 1.1761 and unable to consistently move above the H1 EMA 200. The bias is neutral in nearest term. Immediate resistance is seen around 1.1792. A clear break above that area could trigger further bullish pressure testing the upper line of the bearish channel located around 1.1840 region but key resistance remains at 1.1900. Immediate support is seen around 1.1725. A clear break below that area would expose 1.1670 key support, which is the “neckline” of the “head and shoulders” formation on daily chart.
GBPUSD
The GBPUSD had a bearish momentum yesterday bottomed at 1.3113. The bias is bearish in nearest term testing the trend line support and the daily EMA 200 located around 1.3000 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 region. Overall I remain bullish but need a clear break above 1.3330 key resistance to reactivate my bullish mode targeting 1.3615 area
USDJPY
The USDJPY had a bullish momentum yesterday topped at 114.02. The bias is bullish in nearest term especially if price able to break above 114.10 testing 114.50 key resistance which is a good place to sell with a tight stop loss. Immediate support is seen around 113.50/20 region. A clear break below that area could lead price to neutral zone in nearest term testing 112.85 area. On the upside, a clear break and daily close above 114.50 would expose 115.50 region. Overall I remain neutral.
USDCHF
The USDCHF had a bullish momentum yesterday topped at 0.9911 following a clear break above 0.9881 which nullifies the bearish pin bar scenario. The bias is bullish in nearest term testing 0.9950 – 1.0000 region. Immediate support is seen around 0.9881. A clear break below that area could lead price to neutral zone in nearest term testing 0.9835/00 region.
