EURUSD

The EURUSD had a moderate bullish momentum yesterday topped at 1.1654. The bias is bullish in nearest term especially if price able to make a clear break above 1.1670 testing 1.1725 region but as long as stay below 1.1900 I remain bearish and any upside pullback should be seen as a good opportunity to sell with nearest target seen at 1.1450. Immediate support is seen around 1.1615. A clear break below that area could lead price to neutral zone in nearest term testing 1.1580/50 support area which need to be clearly broken to the downside to continue the “head and shoulders” bearish scenario.

GBPUSD

The GBPUSD failed to continue its bearish momentum yesterday topped at 1.3165. The bias is neutral in nearest term. Immediate resistance is seen around 1.3180. A clear break above that area could trigger further bullish pressure testing 1.3250/70 but key resistance remains at 1.3330 which need to be clearly broken to the upside to resume the major bullish trend. Immediate support is seen around 1.3085. A clear break below that area could trigger further bearish pressure testing 1.3000 key support which remains a good place to buy with a tight stop loss as a clear break below that level would stop the major bullish trend.

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USDJPY

The USDJPY had a bearish momentum yesterday bottomed at 113.09 but still unable to stay consistently below 113.20 support area. The bias is bearish in nearest term as a part of the bearish pin bar scenario but need a clear break below 113.20 to continue the bearish run testing 112.50/25 region. On the upside, 114.50 remains a key resistance and good place to sell with a tight stop loss. Overall I remain neutral.

USDCHF

The USDCHF had a bearish momentum yesterday and now struggling around 0.9940 key support. The bias is bearish in nearest term especially if price able to make a clear break below 0.9940 testing 0.9835 region. Immediate resistance is seen around 0.9970. A clear break above that area could lead price to neutral zone in nearest term and keep price inside the range area testing 1.0037 key resistance which need to be clearly broken to the upside to resume the major bullish trend.

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