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.
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.
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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