The USDJPY had a significant bullish momentum on Friday, topped at 90.58 and closed at 90.34. This fact should trigger further bullish correction scenario targeting 91.50 and the major trendline resistance area but we need a consistent move above 90.50 area to continue the bullish correction scenario. However note that the major trend should remain bearish as long as price move below the major trendline resistance. Immediate support at 90.00 followed by 89.50.

As you can see on my h4 chart below, the USDCHF still trapped in range area of 1.0888 – 1.0640 area indicating consolidation but still in the context of major bullish scenario. The bias is neutral in nearest term and I think the best strategy is to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 – 1.0900 area should continue the bullish scenario targeting 1.1000 while a break below 1.0640 should trigger further bearish correction towards 1.0507 area.

As you can see on my weekly chart below, the EURUSD made another Doji this week, indicating another indecisive movement which has been happening in the last three weeks. The bearish channel indicates the major bearish scenario remains intact. However technically I see potential bullish reversal scenario indicated by the triple bottom formation around 1.3450/00 area which is at the same time a 61.8% Fibonacci retracement of 1.2327 – 1.5140 at least testing 1.3850 and the upper line of the bearish channel.