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.

As you can see on h4 chart below, the EURUSD attempted to push higher on Friday after failed to break below 1.3450 area (potential nearest term bottom), slipped above the minor bearish channel indicating potential upside correction especially if price able to break above 1.3690 targeting 1.3750 – 1.3850 resistance area .

The GBPUSD was indecisive on Friday. Price attempted to push lower, bottomed at 1.5150 but closed higher at 1.5249. The bias is neutral in nearest term but overall I am still in bearish mode for this pair with potential target around psychological level 1.5000 this week. Immediate resistance at 1.5250. Break above that area should lead us into no trading zone but the main scenario should remain bearish as long as price move inside the bearish channel and any upside momentum should only be seen as a corrective movement.