Daily Forecast

The EURUSD opened lower earlier today at 1.2889 after closed at 1.3073 on Friday. Gaps are usually filled so although nearest term bias is bearish, watch out for upside pullback. Immediate resistance is seen around 1.3000 followed by 1.3100. Overall I still prefer a bearish scenario. On the downside, a clear break and daily close below 1.2875 could trigger further bearish pressure testing 1.2800 or lower.

 If you want to see my chart click HERE to see it.

 

 The GBPUSD was corrected higher last week topped at 1.5177. Although price is still in bullish correction phase, overall I still prefer a bearish scenario with sell on rallies strategy. Immediate support is seen around 1.5070. A clear break below that area could trigger further bearish pressure testing 1.5000. On the upside, a clear break and daily close above 1.5177 - 1.5200 could trigger further bullish correction.

If you want to see my chart click HERE to see it.

The USDJPY was corrected lower last week and fell below 95.00. The bias is bearish in nearest term testing 94.00. I still prefer a bullish scenario. Immediate resistance is seen around 95.00. A clear break above that area could lead price to neutral zone in nearest term testing 95.50.

If you want to see my chart click HERE to see it.

The USDCHF was indecisive last week. The bias is neutral in nearest term. Overall I still prefer a bullish scenario. Immediate resistance is seen around 0.9475. A clear break above that area could trigger further bullish pressure testing 0.9520/50 or higher. Immediate support is seen around 0.9400 followed by 0.9350.

 If you want to see my chart click HERE to see it.