The EURJPY attempted to push lower yesterday, bottomed at 123.43 but closed higher at 124.76 and keep moving higher around 124.80 at the time I wrote this comment. The bias is bullish in nearest term targeting 125.95 before aim for 127.88 area as I believe this bullish momentum could end the bearish correction and continue the bullish scenario. Immediate support at 124.00. Break below that area should keep the bearish correction intact testing 122.75 area.
The GBPJPY attempted to push lower yesterday, bottomed at 140.95 but whipsawed to the upside and closed significantly higher at 142.64 and keep moving higher earlier today in Asian session. Price is now struggling around the trendline resistance indicating critical technical phase. I prefer a bullish scenario but we need a consistent move above the trendline to continue bullish scenario targeting 144.70 even 146.50 area. Immediate support at 142.00 area. Break below that area should trigger further bearish momentum testing 140.85/95 region.
The AUDUSD attempted to push lower yesterday, but as you can see on my daily chart below, the upper line of the broadening formation did a good job preventing further bearish pressure and surely keep the bullish scenario intact at least targeting 0.9326 – 0.9404 region. Only a movement back inside the formation could be a serious threat to the bullish scenario testing 0.9090/40 area.
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