EURUSD

The EURUSD had a bearish momentum yesterday bottomed at 1.1827. The bias is bearish in nearest term testing the lower line of the bullish channel (see my H1 chart below) located around 1.1800 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1875. A clear break above that area could lead price to neutral zone in nearest term testing 1.1920/50 area. On the downside, a clear break and daily close below 1.1800 and the bullish channel would expose 1.1690 or lower. Overall I remain neutral.

GBPUSD

The GBPUSD was volatile but indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.3400 – 1.3450 region. Immediate support is seen around 1.3330. A clear break below that area could trigger further bearish pressure testing 1.3280 area or lower but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.3400/50 would expose 1.3615 key resistance.

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USDJPY

The USDJPY failed to continue its bearish momentum yesterday topped at 111.64. The bias is neutral in nearest term probably with a little bullish bias especially if price able to make a clear break above 111.65 testing 112.00 – 112.50 region. Immediate support is seen around 111.30. A clear break below that area could trigger further bearish pressure testing 110.65 area. Overall I remain neutral but 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 continued its bullish momentum yesterday topped at 0.9852. The bias is bullish in nearest term testing 0.9875 which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9815. A clear break below that area could lead price to neutral zone in nearest term testing 0.9780 or lower. On the upside, a clear break and daily close above 0.9875 would expose 0.9940 region. Overall I remain neutral.

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