EURUSD
The EURUSD had a bullish momentum yesterday topped at 1.1817. The bias is bullish in nearest term testing the upper line of the bearish channel as you can see on my H1 chart below, located around 1.1840/50 area. A clear break above that area would expose 1.1900 key resistance. Immediate support is seen around 1.1785. A clear break below that area could lead price to neutral zone in nearest term testing 1.1725 but key support remains at 1.1670 region. The major bullish trend remains valid but need a clear break at least above 1.1900 to resume the bullish scenario targeting 1.2000 – 1.2090 area.
GBPUSD
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.3271. The bias is bullish in nearest term testing 1.3330 key resistance. A clear break and daily close above that area would reactivate my bullish mode targeting 1.3615 region. Immediate support is seen around 1.3210. A clear break below that area could lead price to neutral zone in nearest term testing 1.3150 region but key support remains at the daily EMA 200 and the trend line support located around 1.3000 region.
USDJPY
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 114.50 key resistance area which remains a good place to sell with a tight stop loss. Immediate support is seen around 113.20. A clear break below that area could trigger further bearish pressure testing 112.75/25 region. On the upside, a clear break above 114.50 would expose 115.50 or higher. Overall I remain neutral.
USDCHF
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 0.9910. A clear break above that area could trigger further bullish pressure testing 0.9950 or higher. Immediate support is seen around 0.9868 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 0.9836 area. Overall I am neutral on this pair.
