EURUSD
The EURUSD continued its bullish momentum yesterday topped at 1.1856. The bias remains bullish in nearest term testing 1.1900 key resistance which remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would stop the major bearish trend testing 1.2000 – 1.2090 next week. Immediate support is seen around 1.1800. A clear break below that area could lead price to neutral zone in nearest term testing 1.1750 but key support remains at 1.1690 which need to be clearly broken to the downside to keep the major bearish trend remains strong testing 1.1550 or lower.
GBPUSD
The GBPUSD didn’t make significant movement yesterday. The bias remains bullish in nearest term but 1.3330 key resistance still hold so far as you can see on my daily chart below. We need a clear break and daily/weekly close above that area to resume the major bullish trend testing 1.3615 next week. Immediate support is seen around 1.3280. A clear break 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.
USDJPY
The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 110.65. Immediate resistance remains 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 attempted to push lower yesterday slipped below the daily EMA 200, bottomed at 0.9795 but closed higher back above the EMA 200, printed a bullish pin bar as you can see on my daily chart below. The bias is neutral in nearest term probably with a little bullish bias testing 0.9875 – 0.9915 resistance area. On the downside, a clear break and daily/weekly close below 0.9800 would stop the major bullish trend testing 0.9700 area or lower next week.
