EURUSD

The EURUSD had a significant bullish momentum last week, broke above 1.1900 key resistance as you can see on my H4 chart below. My major technical bias is now neutral. The bias is bullish in nearest term testing 1.2000 – 1.2090 resistance area. Immediate support is seen around 1.1900. A clear break below that area could lead price to neutral zone in nearest term testing 1.1850 or lower but could give the bearish scenario another chance as we may have a false breakout situation.

GBPUSD

The GBPUSD had a bullish momentum last week and now struggling around 1.3330 key resistance. The bias is bullish in nearest term especially if price able to make a clear break above 1.3330 targeting 1.3615 region this 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 and any downside pullback should be seen as a good opportunity to buy.

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USDJPY

The USDJPY continued its bearish momentum last week bottomed at 111.06. The bias is bearish in nearest term testing 110.65 area as a part of the bearish pin bar scenario as you can see on my daily chart below. 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 my short-term technical bias is bearish.

USDCHF

The USDCHF had a bearish momentum last week bottomed at 0.9783. The bias is bearish in nearest term testing 0.9750/00 region. Immediate resistance is seen around 0.9835. A clear break above that area could lead price to neutral zone in nearest term testing 0.9875 area. Overall I am neutral on this pair but my short-term bias is bearish.

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