The EURJPY was indecisive on Friday. As you can see on my hourly below the minor trend line resistance (white) still provide a good resistance after the fall from 123.31. The bias is neutral in nearest term. Another move back below 119.30 could trigger further downside pressure testing 118.61 – 118.00 support area. Immediate resistance at 120.00. A clear break above that area would change the intraday bias to bullish testing 120.50 but only a clear break above 120.50 could end the current bearish phase testing 123.31.
The GBPJPY was indecisive on Friday. On hourly chart below we can see price is moving in a rectangle area of 135.93 – 134.69 indicates sideways condition and need a clear break from either side to see clearer intraday direction. A clear break above 135.93 could trigger further bullish pressure testing 137.00 while a clear break below 134.69 could continue the bearish phase since the failure to make a clear break above 139.67 testing 133.50/00 support area.
The AUDUSD didn’t make significant movement on Friday. The bias is neutral in nearest term but overall price is still in a strong bullish outlook. We had some downside pullback earlier today in Asian session testing 1.0684 support area as you can see on my daily chart below. A clear break below that area could trigger further bearish correction testing 1.0581 but I think the overall bias remains strongly to the upside and I see no sign of potential significant technical bearish view so far and unless price move back below 1.0581 the technical bias remains strongly to the upside testing 1.0850 – 1.0900.
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