The EURJPY continued its bullish momentum yesterday, topped at 126.55 and closed at 126.24. The bias is bullish in nearest term targeting 128.80 but we need a clear break above 126.96 to continue the bullish scenario. Immediate support at 125.50. Break below that area should lead us into no trading zone testing 125.15 area.
The GBPJPY continued its bullish momentum yesterday, topped at 141.99 and closed at 141.87. The bias is bullish in nearest term testing the major trendline resistance (red) but we need a consistent move above 142.00 to continue the bullish momentum testing 143.59 area. Break above the trendline resistance could be seen as potential bullish reversal scenario in longer term. Immediate support at 141.00. Break below that area could lead us back into no trading zone testing 139.34 region.
The AUDUSD didn’t make significant technical movement yesterday. The bias remains neutral in nearest term but as you can see on daily chart below, on longer term point of view, price is ready to test the upper line of the descending broadening formation. A break above the formation confirms the bullish continuation at least targeting 0.9326 even 0.9404 region. Immediate support at 0.9131 (yesterday’s low). Break below that area could trigger further bearish momentum testing 0.9090/40 area. Initial resistance at 0.9250. Break above that area should trigger further bullish momentum towards 0.9326 before aim for 0.9404 area.
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