The EURJPY was volatile but indecisive yesterday. Price attempted to push lower bottomed at 104.61 but closed higher at 105.52. The bias is neutral in nearest term but overall my intraday bias remains to the downside. Immediate resistance is seen around 105.80. A clear break above that area could trigger further bullish pressure testing 106.50 region. Immediate support is seen around 105.20. A clear break below that area could trigger further bearish pressure testing 104.50 before testing 103.50.
The GBPJPY attempted to push lower yesterday, bottomed at 127.09 but closed higher at 127.78. The bias is neutral in nearest term but my overall intraday outlook remains bearish with 126.70 as nearest target. Immediate resistance is seen around 128.10. A clear break above that area could trigger further bullish pressure testing 129.00 but only a clear break and daily close above 130.00 could stop the current bearish outlook.
The AUDUSD was indecisive yesterday made a Doji on daily chart. There were some downside pressure earlier today hit 1.0308. The bias is bearish in nearest term still testing 1.0200. Immediate resistance is seen around 1.0350. A clear break above that area could lead price to neutral zone in nearest term testing 1.0400 – 1.0450 but overall I remain bearish on this pair with sell on rallies strategy.
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