The EURJPY failed to continue its bearish momentum yesterday after unable to make a break below 118.40 support area. From another perspective as you can see on my h1 chart below price is moving in a range area of 120.38 – 118.40 and need a clear break on either side to see clearer direction. A clear break above 120.38 could trigger further bullish pressure testing 121.40 while a clear break below 118.40 could continue the current bearish phase testing 117.00 even 116.00.
The GBPJPY was indecisive yesterday. The bias is neutral in nearest term but as long as price moves below 135.00 the intraday bearish bias remains more to the downside still targeting 133.75 support area in nearest term. On the upside, a clear break above 135.00 could trigger further upside pressure testing 135.90 area
The AUDUSD continue its bullish momentum yesterday, clearly broken above 1.0770 and hit 1.0851 earlier today in Asian session. The bias remains bullish in nearest term targeting 1.0900 even 1.1000 new historical high projection. Immediate support at 1.0810 followed by 1.0780. A clear break below 1.0780 would lead us to neutral zone in nearest term but overall the technical bias remains strongly to the upside.
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