EURUSD

The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall I remain neutral but as long as stay inside the bullish channel as you see my H1 chart below, price is still in a bullish phase with key support seen around 1.1800 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1880. A clear break above that area could trigger further bullish pressure testing 1.1920 – 1.1960 region. On the downside, a clear break and daily close below 1.1800 would stop the current bullish phase testing 1.1690 region or lower.

GBPUSD

The GBPUSD had a bullish momentum yesterday topped at 1.3447. It looks like the major bullish trend is now back on its track after some bearish correction. The bias is bullish in nearest term testing 1.3500 before retesting 1.3615 region. Immediate support is seen around 1.3380. A clear break below that area could lead price to neutral zone in nearest term testing 1.3330 but overall 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 bullish momentum yesterday topped at 112.14. The bias is bullish in nearest term testing 112.50. A clear break and daily close above that area could trigger further bullish pressure testing 113.20. Immediate support is seen around 111.65. A clear break below that area could lead price to neutral zone in nearest term testing 111.00 – 110.65 support area. Overall I remain neutral but still prefer a bearish scenario at this phase as a part of the bearish pin bar scenario on daily chart.

USDCHF

The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 0.9875 area which remains a good place to sell with a tight stop loss. Immediate support is seen around 0.9818. A clear break and daily close below that area could trigger further bearish pressure 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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