EURUSD
The EURUSD had a bullish momentum last week topped at 1.3296. Price is still in a bullish phase testing a trend line resistance as you can see on my daily chart below located around 1.3330/50 which could be an important/key resistance at this phase. A clear break and daily close above that area could continue the bullish scenario testing 1.3400 or higher. Immediate support is seen around 1.3250. A clear break below that area could trigger further bearish pullback but as long as stays below 1.3170 the current bullish phase should remains valid.
GBPUSD
The GBPUSD continued its bullish momentum last week topped at 1.5433. Despite hesitation to move consistently above 1.5400, as long as stays above 1.5300 the current bullish phase should remain valid testing 1.5480 key resistance area (daily EMA 200). Immediate support is seen around 1.5350. A clear break below that area could trigger further bearish pullback but only a clear break and daily close below 1.5300 could interrupt the current bullish outlook.
USDJPY
The USDJPY had a bearish momentum last week and hit 97.63 earlier today. Like I said on Friday, a clear break below 98.50/00 could be an early signal of a bearish reversal scenario testing 96.70. The bias is bearish in nearest term. Immediate resistance is seen around 98.30. A clear break above that area could lead price to neutral zone in nearest term but overall I still prefer a bearish scenario at this phase.
USDCHF
The USDCHF continued its bearish momentum last week bottomed at 0.9263. The bias remains bearish in nearest term testing 0.9250 – 0.9180. Immediate resistance is seen around 0.9300. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 0.9350 – 9.9400 I still prefer a bearish scenario at this phase.
IMOH, Clement I.
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