EURJPY Forecast

The EURJPY was indecisive yesterday. The bias is neutral in nearest term but overall we are still in a bullish outlook as price still move inside the bullish channel. On h4 chart below we have a flag formation indicating potential bullish scenario especially if price breakout above the flag. Immediate support at 125.00. Break below that area could trigger further bearish pressure re-testing the lower line of the bullish channel. Initial resistance at 126.30 area. We need a consistent move above that area to continue the bullish scenario re-testing key resistance level at 127.88.

GBPJPY Forecast

The GBPJPY attempted to push higher yesterday, topped at 145.95 but further bullish momentum was rejected as price closed lower at 145.22 and keep moving lower struggling around 144.60 region at the time I wrote this comment. The bias is neutral in nearest term. The bullish scenario remains intact but if price break below 144.60 today we may see further bearish correction testing 143.70 area but overall the bullish scenario remains intact. On the upside 146.60 – 147.40 area remain potential bullish targets.

AUDUSD Forecast

The AUDUSD attempted to push higher yesterday, topped at 0.9311 but closed lower at 0.9267. The bullish scenario remains intact but price still consolidating now. The bias is neutral in nearest term. Immediate support at 0.9200. Break below that area could be a serious threat to the bullish outlook testing key support level around 0.9170/60 region. On the upside, 0.9381 – 0.9404 remains potential nearest bullish target.

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