Daily Technical Analysis

EURUSD

The EURUSD attempted to push lower yesterday bottomed at 1.3020 but traded higher earlier today hit 1.3081. There are no changes in my technical outlook. The bias remains neutral in nearest term. Immediate resistance is seen around 1.3090. A clear break above that area could trigger further bullish pressure testing 1.3135 - 1.3170. On the downside, we need a clear break and daily close at least below 1.3000 to end the bullish phase and give another chance to the bearish scenario.



GBPUSD

The GBPUSD had a bearish momentum yesterday bottomed at 1.5268. The bias is bearish in nearest term testing 1.5250/00. Immediate resistance is seen around 1.5325. A clear break above that area could lead price to neutral zone in nearest term testing 1.5370 - 1.5400. My major technical bias remains bearish.



USDJPY

The USDJPY continued its bearish correction yesterday bottomed at 95.78 but traded higher earlier today hit 97.70. The bias remains bearish in nearest term retesting 95.78. I still prefer a bullish scenario but need a clear break at least above 98.20 to potentially end the current bearish correction as a false breakdown bullish scenario could be produced.



USDCHF

The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 0.9340 - 0.9260. A clear break above 0.9340 could trigger further bullish pressure testing 0.9400. On the other hand, a clear break below 0.9260 could trigger further bearish pressure testing 0.9200 or lower. My major technical outlook remains neutral.

IMOH, Clement I.
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