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.

The USDCHF attempted to push higher yesterday, topped at 0.0888 but whipsawed to the downside and closed lower at 1.0746. This fact should keep the bearish correction scenario intact testing 1.0640 in nearest term but the main scenario should remain bullish especially if price able to break above 1.0888 – 1.0900 area targeting 1.1000 level. Break below 1.0640 area should trigger further bearish correction towards 1.0507 area.