EURJPY Forecast

The EURJPY was able to maintain its bullish bias last week. The bias is bullish in nearest term still testing 111.58. A clear break and daily close above that area could trigger further bullish scenario testing 114.00 this week. Immediate support is seen around 110.50. A clear break below that area could lead price to neutral zone in nearest term testing 110.00 but as long as stays above the trend line support I still prefer a bullish scenario at this phase.

GBPJPY  Forecast

The GBPJPY was able to maintain its bullish bias last week and now testing 133.50. A clear break and daily close above that area could trigger further bullish pressure testing 135.10. Immediate support is seen around 132.50. A clear break below that area could lead price to neutral zone in nearest term testing 131.50 but any downside pullback now is normal and overall I still prefer a bullish scenario at this phase.

AUDUSD Forecast

The AUDUSD was indecisive last week but overall still able to maintain its bearish intraday outlook and keep making lower highs and lows. The bias is bearish in nearest term testing 1.0300 – 1.0200 area. Immediate resistance is seen around 1.0415. A clear break above that area could lead price to neutral zone in nearest term testing 1.0450 – 1.0500 but overall as long as stays below 1.0600 I still prefer a bearish scenario at this phase.

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