The USDCHF didn’t make significant movement yesterday. I think we are still in bearish correction phase testing 1.0507 in nearest term. Break below that area should trigger further bearish correction towards 1.0350 area. Immediate resistance at 1.0600. Break above that area should trigger further bullish momentum towards 1.0700 area.

The EURUSD was corrected higher yesterday, topped at 1.3938 and closed at 1.3929. I think this is a normal correction and as long as price stay below 1.4000/30 area I still prefer a bearish scenario with sell on rallies strategy and 1.3750 are remains a potential downside target this week. The bias is neutral in nearest term. Immediate resistance is seen at 1.3950.

The GBPUSD attempted to push lower yesterday, bottomed at 1.5849 but closed significantly higher at 1.5955. The bearish scenario should remains intact but I think the bias is neutral in nearest term as downside pressure seems limited now. Key resistance level at 1.6000/40 area. Break above that area should be seen as potential threat to the bearish outlook. Immediate support at 1.5900 area. Break below that area should trigger further bearish pressure testing 1.5800 area.