The GBPUSD had a bearish momentum yesterday and hit 1.6640 earlier today.
FXOpen - Analytics
Forex Technical analysis and forecasts
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 102.00.
The USDCHF failed to continue its bearish momentum yesterday and hit 0.8842 earlier today.
The GBPUSD regained its bullish momentum last week topped at 1.6767. The bias is bullish in nearest term testing 1.6822 – 1.6850.
Fundamental analysis
Overview
In the previous EUR/USD forecast we noted that the 1.36 line is usually a strong support.
Surveys for the euro / dollar
The EURUSD failed to continue its bullish momentum yesterday and hit 1.3720 earlier today. The bias is neutral in nearest term probably with a little bearish bias testing 1.3650 support area.
The EURUSD attempted to push lower last week, bottomed at 1.3642 but whipsawed to the upside and hit 1.3824.
The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term.
The EURUSD didn’t make significant movement last week. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3770 – 1.3680.