EURJPY Forecast

The EURJPY continued its bearish momentum yesterday, bottomed at 116.46 and closed at 117.41. The V-Top formation gave us a valid bearish signal. The bias remains bearish in nearest term testing 116.00. A clear break below that area could trigger further bearish momentum testing 113.50. Immediate resistance at 118.00. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 119.30 the intraday bias remains more to the downside

GBPJPY  Forecast

The GBPJPY continued its bearish momentum yesterday after made a clear break below 135.00, bottomed at 132.97 and closed at 134.13. The bias remains bearish in nearest term testing 132.50. Immediate resistance at 134.50. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 135.00 the intraday bias should more to the downside.

AUDUSD Forecast

The AUDUSD was corrected lower yesterday, break below the rising wedge formation as you can see on my hourly chart below. The bias is bearish in nearest term testing 1.0400 – 1.0330. Immediate resistance at 1.0500. A clear break above that area would lead us to neutral zone in nearest term but unless price makes a clear break above 1.0581 we are still in a bearish correction phase.

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