EURJPY Forecast

The EURJPY continued its bearish momentum yesterday, slipped below 105.60 and now struggling around that area. The bias remains bearish in nearest term especially if price able to move consistently below 105.60 testing 104.00 – 103.50 area. Immediate resistance is seen around 106.20. A clear break above that area could lead price to neutral zone in nearest term testing 107.00/50 area but as long as stays below 108.00 my overall intraday bias remains to the downside as a part of the bearish scenario after the break below the trend line support.

GBPJPY  Forecast

The GBPJPY continued its bearish momentum yesterday, bottomed at 127.85. The bias remains bearish in nearest term testing 126.70 – 125.50 region. Immediate resistance is seen around 128.80. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 130.00 my overall intraday bias remains to the downside as a part of the bearish correction scenario after the failure to break above 133.50 and fell below 130.00.

AUDUSD Forecast

The AUDUSD continued its bearish momentum yesterday, bottomed at 1.0225 but corrected higher earlier today hit 1.0292. The bias is neutral in nearest term but overall I remain bearish in this pair with short on rallies strategy. Immediate resistance is seen around 1.0350 followed by 1.0400.

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