EURUSD

The EURUSD had a bearish momentum yesterday broke below the bullish channel as you can see on my H1 chart below. This fact is a serious threat to the bullish phase, but note that we still need a clear break below 1.1800 to confirm that the bullish phase is no longer valid, testing 1.1690 region. The bias is bearish in nearest term. Immediate resistance is seen around 1.1850 – 1.1870 area. A clear break back above that area could lead price to neutral zone in nearest term but would keep the bullish phase intact testing 1.1925 – 1.1960 region. Overall I remain neutral.

GBPUSD

The GBPUSD attempted to push lower yesterday bottomed at 1.3370 but closed higher at 1.3441. The bias is neutral in nearest term. Immediate support is seen around 1.3370. A clear break below that area could trigger further bearish pressure testing 1.3330 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 1.3480. A clear break above that area could trigger further bullish pressure testing 1.3550 region.

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USDJPY

The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Overall I remain neutral but still prefer a bearish scenario at this phase as a part of the bearish pin bar scenario printed on daily chart on November 06. Immediate resistance is seen around 113.00/20 area which remains a good place to sell with a tight stop loss as a clear break above that area could trigger further bullish pressure retesting 114.50 region. Immediate support is seen around 112.25. A clear break below that area could trigger further bearish pressure testing 111.65 region.

USDCHF

The USDCHF continued its bullish momentum yesterday but still struggling around 0.9875 resistance area, which remains a good place to sell with a tight stop loss as a clear break above that area could trigger further bullish pressure testing 0.9940 region. The bias remains bullish in nearest term. Immediate support is seen around 0.9850. A clear break below that area could lead price to neutral zone in nearest term testing 0.9818 – 0.9780 region. Overall I remain neutral.

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