The EURUSD was indecisive yesterday, formed a Doji on daily chart. We have nothing significant technically so we need to be patient and do not rush jump into the market. The bias remains neutral in nearest term we are in no trading zone. I prefer to do nothing and wait for further development. However, as long as price stay below 1.4250, the bearish scenario should remains intact. Expected range at 1.4250 – 1.4000/30.

The GBPUSD had a significant bullish momentum yesterday, topped at 1.6259 and closed at 1.6240. On daily chart below we can see that price is now testing the trendline resistance indicating a critical technical phase. The bias is bullish in nearest term but note that as long as price stay below the trendline, the bearish scenario should remains intact.

The USDJPY failed to continue its bearish momentum yesterday. This fact lead me back to no trading zone condition as direction is unclear in nearest term. However, as long as price stay below 91.85, I still prefer a bearish scenario with sell on rallies strategy. Immediate resistance at 90.50 followed by 91.30. Initial support 89.80. Break below 89.80 should trigger further bearish momentum.