The EURUSD had a moderate bearish movement yesterday, closed below 1.4000 and keep moving lower around 1.3922 at the time I wrote this comment. This fact should open the door for further bearish scenario targeting 1.3750 area. The bias is bearish in nearest term. Immediate resistance at 1.4000/30 area. Break above that area should lead us into no trading zone as direction would become unclear.

The USDJPY made indecisive movement yesterday, formed a Doji on daily chart. The bias remains neutral in nearest term and I am still expecting range area at 90.60 – 89.00. Overall price still move in a bearish channel which has started from January 08 and we haven’t see any significant bullish correction signal so far so I still prefer a bearish scenario and stay with sell on rallies strategy. Break below 89.00 should continue the bearish scenario towards 88.00 area.

The USDJPY made indecisive movement yesterday, formed a Doji on daily chart. The bias remains neutral in nearest term and I am still expecting range area at 90.60 – 89.00. Overall price still move in a bearish channel which has started from January 08 and we haven’t see any significant bullish correction signal so far so I still prefer a bearish scenario and stay with sell on rallies strategy. Break below 89.00 should continue the bearish scenario towards 88.00 area.