EURUSD

The EURUSD had a bullish momentum yesterday topped at 1.1826. Price slipped again above the trend line resistance as you can see on my H4 chart below, which reopens the door for further bullish pressure testing 1.1900 key resistance which is a good place to sell with a tight stop loss. The bias is bullish in nearest term. Immediate support is seen around 1.1770. A clear break below that area could lead price to neutral zone in nearest term testing 1.1690 key support which need to be clearly broken to the downside to keep the major bearish scenario alive and kicking retesting 1.1550 or lower. On the upside, a clear break and daily close above 1.1900 would stop the major bearish trend retesting 1.2000 – 1.2090 resistance area.

GBPUSD

The GBPUSD had a bullish momentum yesterday topped at 1.3329. The bias is bullish in nearest term but note that we need a clear break above 1.3330 key resistance to resume the major bullish trend retesting 1.3615 region. Immediate support is seen around 1.3280. A clear break back below that area could lead price to neutral zone in nearest term testing 1.3225/00 region but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy.

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USDJPY

The USDJPY had a bearish momentum yesterday bottomed at 111.14 and hit 111.06 earlier today in Asian session. Price broke below the daily EMA 200 suggests further bearish scenario. The bias remains bearish in nearest term testing 110.65. Immediate resistance is seen around 111.65. A clear break above that area could lead price to neutral zone in nearest term testing 112.00 region. Overall I remain neutral but still prefer a bearish scenario at this phase as a part of the bearish pin bar scenario as you can see on my daily chart below.

USDCHF

The USDCHF had a bearish momentum yesterday bottomed at 0.9812. The bias is bearish in nearest term testing the daily EMA 200 located around 0.9800 area. A clear break below that area would expose 0.9700 and stop the major bullish trend. Immediate resistance is seen around 0.9850. A clear break above that area could lead price to neutral zone in nearest term testing 0.9900 region. The major bullish scenario remains valid but need a clear break at least above 0.9940 to keep the major bullish scenario alive and kicking retesting 1.0037 region.

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