The EURUSD attempted to push lower yesterday, bottomed at 1.3435 but whipsawed to the upside and closed higher at 1.3613. The bias is bullish in nearest term but as you can see on h4 chart below, actually price is still moving in a range area of 1.3450 – 1.3690 indicating consolidation but still within a major bearish scenario.

The GBPUSD failed to continue the bearish momentum by move back above 1.5000 psychological level. This fact should trigger further upside correction targeting 1.5200/50 area in nearest term but note that the major bearish scenario should remain intact as long as price still move inside the bearish channel. Another movement below 1.5000 area could cancel the upside correction scenario re-testing 1.4779 area.

The USDJPY attempted to push lower yesterday, bottomed at 88.55 but as you can see on my h4 chart below price still trapped in range area of 89.50 – 88.50 so far but the main outlook should remain bearish targeting 87.35 in nearest term especially if price able to consistently move below 88.50 area today. Immediate resistance at 89.00 followed by 89.50 area.