The EURJPY had a bearish momentum on Friday and slipped below 119.30 earlier today in Asian session. As you can see on my daily chart below we have a V-Top formation suggests potential bearish view especially if price able to move consistently below 119.30 testing 118.00 – 116.00 support area. Immediate resistance at 120.00. A Clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 121.50 my intraday outlook remains more to the downside.
The GBPJPY continued its bearish pressure earlier today in Asian session slipped below 135.00 support area. The bias remains bearish in nearest term especially is price able to make a clear break below 135.00 at least testing 133.50 – 132.50 support area. Immediate resistance at 135.70/80. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 137.00/50 my intraday technical bias is more to the downside. CCI in negative territory on h4 chart suggests downside pressure.
The AUDUSD still able to maintain its bullish bias on Friday while EUR/USD and GBP/USD were corrected lower. The bias remains bullish in nearest term testing 1.0581. A clear break above that area would trigger further bullish momentum aiming for new all time high projection around 1.0700. Immediate support at 1.0520/00. A clear break below that area would change the intraday bias to bearish as the rising wedge bearish correction scenario might be validated, testing 1.0400 – 1.0330 support area.
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