EURJPY Forecast

The EURJPY continued its bearish momentum yesterday after found a good resistance at the minor trend line resistance. The bias is bearish in nearest term especially if price able to make a clear break below 118.40 targeting 118.00 even testing 116.00 area. Immediate resistance at 119.30. A clear break above that area would lead us to neutral zone in nearest term in nearest term as direction would become unclear.

GBPJPY  Forecast

The GBPJPY made a break below the range area as you can see on my hourly chart below. This fact could continue the bearish pressure testing 133.75 even testing 132.97. Immediate resistance at 134.69. A clear break above that area could lead us to neutral zone in nearest term but as long as price stays below 135.00 I still prefer a bearish scenario at this phase.

AUDUSD Forecast

The AUDUSD was corrected lower yesterday and slipped below 1.0684 earlier today in Asian session. The bias is bearish in nearest term testing 1.0630 – 1.0581 but note that the major scenario remains strongly bullish. Immediate resistance at 1.0710. A clear break above that area would lead us to neutral zone in nearest term and we need a clear break above 1.0774 to end the bearish correction phase and continue the bullish scenario aiming for 1.0850 – 1.0900.

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