EURUSD

The EURUSD was indecisive last week. Price attempted to push lower bottomed at 1.1808 but closed higher at 1.1898 after bounced-off the lower line of the bullish channel as you can see on my H1 chart below. The bias is neutral in nearest term but as long as stay inside the bullish channel and above 1.1800 price is still in a bullish phase. Immediate resistance is seen around 1.1960. A clear break and daily close above that area would expose 1.2000 – 1.2090 region. On the downside, a clear break below 1.1800 would expose 1.1690 or lower. Overall I remain neutral.

GBPUSD

The GBPUSD continued its bullish momentum last week topped at 1.3549 but closed a little bit lower at 1.3472. The bias is neutral in nearest term. Immediate support is seen around 1.3445. A clear break below that area could trigger further bearish pressure testing 1.3385 area. Immediate resistance is seen around 1.3550. A clear break above that area could trigger further bullish pressure retesting 1.3615 key resistance. Overall I remain bullish.

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USDJPY

The USDJPY was volatile but indecisive last week.The bias is neutral in nearest term. Overall I still prefer a bearish scenario at this phase as a part of the bearish pin bar scenario on daily chart, but need a clear break below 111.65 to continue the bearish run with nearest target seen at 110.65 area. Immediate resistance is seen around 112.50. A clear break above that area could trigger further bullish pressure testing 113.20 which remains a good place to sell. Overall I remain neutral.

USDCHF

The USDCHF was indecisive last week. Price attempted to push higher, topped at 0.9882 but whipsawed to the downside and closed lower at 0.9759. The bias is bearish in nearest term testing 0.9700 region. Immediate resistance is seen around 0.9780 followed by 0.9818 but key resistance remains at 0.9875 which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 0.9700 would expose 0.9600 region. Overall I remain neutral.

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