EURJPY Forecast

The EURJPY had a bullish momentum yesterday, topped at 107.23, hit 107.45 earlier today but traded lower around 106.65 at the time I wrote this comment. The bias is bearish in nearest term as a part of the bearish correction phase after broke below the trend line support as you can see on my daily chart below still testing 105.60. On the upside, a clear break above 107.50 could lead price to neutral zone in nearest term testing 108.00 resistance area.

GBPJPY  Forecast

The GBPJPY had a bullish momentum yesterday, topped at 129.89, hit 130.21 earlier today but traded lower around 129.50 at the time I wrote this comment. The bias is bearish in nearest term still testing 128.00/20. On the upside, a clear break and daily close back above 130.00 would lead price to neutral zone in nearest term but could potentially end the current bearish correction phase.

AUDUSD Forecast

The AUDUSD was indecisive yesterday, made a Doji on daily chart. There were some upside pressure earlier today hit 1.0355 but further bullish momentum was rejected and traded lower around 1.0310 at the time I wrote this comment. The bias remains bearish in nearest term testing 1.0200. On the upside, a clear break above 1.0355 would lead price to neutral zone in nearest term testing 1.0400 but overall I remain bearish on this pair and still prefer to short on rallies.

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