EURUSD
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase, still respecting the EMA 200 and the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.0820. A clear break above that area would expose 1.0873 area but note that from a daily chart perspective 1.0830 – 1.0873 area remains a good place to sell with a tight stop loss. Immediate support is seen around 1.0775. A clear break below that area could trigger further bearish pressure testing 1.0725 and the EMA 200/trend line support. On the upside, a clear break above 1.0873 would activate my bullish mode.
GBPUSD
The GBPUSD was indecisive yesterday but overall still able to maintain its bullish bias so far. As you can see on my H1 chart below price is moving inside a bullish channel and above the EMA 200 suggests a valid bullish outlook. The bias remains bullish in nearest term testing 1.2570 region. Immediate support is seen around 1.2420. A clear break below that area would be a threat to the bullish phase testing the EMA 200 and 1.2350/00 region. Overall I remain neutral.
USDJPY
The USDJPY had a bearish momentum yesterday bottomed at 110.73 but closed higher at 111.15 and hit 111.54 earlier today in Asian session. As you can see on my H4 chart below, we have 2 pin bars (hammer) formed around 111.30 key support suggests a potential bullish pullback. The bias is bullish in nearest term testing 111.80 – 112.00. A clear break and daily close above that area would expose 113.00 region. Key support is seen around 110.73 (yesterday’s low). A clear break and daily close below that area would activate my bearish mode.
USDCHF
The USDCHF attempted to push lower yesterday bottomed at 0.9881 but closed a little bit higher at 0.9913. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000 region. On the downside, key support is seen around 0.9870. A clear break and daily close below that area would continue the bearish scenario testing 0.9800 region. Overall I remain neutral.
