EURUSD
The EURUSD had a bullish momentum yesterday topped at 1.1848. The bias is bullish in nearest term but note that 1.1850 area remains a good place to sell with a tight stop loss as a clear break above that area would invalidate the bearish phase testing 1.1900 – 1.1960 region. Immediate support is seen around 1.1815. A clear break below that area could lead price to neutral zone in nearest term testing 1.1775 – 1.1750 area. Overall I remain neutral.
GBPUSD
The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.3331 but closed higher at 1.3383. Once again, 1.3330 region proves itself to be a very strong support. The bias is neutral in nearest term probably with a little bullish bias testing 1.3465 region. Immediate support is seen around 1.3330. A clear break and daily close below that area could trigger further bearish pressure testing 1.3220 and trend line support area which remains a good place to buy. Overall I remain bullish.
USDJPY
The USDJPY had a bullish momentum yesterday topped at 113.07. The bias is bullish in nearest term testing 113.20 resistance area. From a different technical point of view, price might be forming a “head and shoulders” formation as you can see on my H1 chart below. Immediate support is seen around 112.50. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 area. On the upside, a clear break above 113.20 would expose 113.75 area. Overall I remain neutral.
USDCHF
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. I have made some adjustments to the bearish channel on the H1 chart. Immediate support is seen around 0.9818 A clear break and daily close below that area would expose 0.9780 – 0.9735 area. Immediate resistance is seen around 0.9878. A clear break above that area could trigger further bullish pressure testing 0.9910 and the upper line of the bearish channel. Overall I remain neutral.
