Daily Forecast for Crosses: April 28

By @ibtimes on

EURJPY Forecast

The EURJPY had a strong bullish momentum yesterday after break out above the range area as you can see on my hourly chart below and hit 121.82 earlier today in Asian session. The bias is bullish in nearest term testing 122.50 – 123.31 resistance area. Immediate support at 121.00 – 120.75 followed by 120.38 (former resistance). A clear break below 120.38 would lead us to neutral zone in nearest term as direction would become unclear.

GBPJPY  Forecast

The GBPJPY had a strong bullish momentum yesterday after a strong break above 135.00 and 135.90, hit 137.03 earlier today in Asian session. The bias is bullish in nearest term targeting 137.88 even testing 139.67 especially if price able to make another strong break above 137.00. Note that 137.00 could be a good resistance at this phase and some minor downside pullback might take place but overall my intraday outlook has change to a bullish view as long as price stays above 135.90. A clear break below 135.90 would lead us to neutral zone in nearest term as direction would become unclear.

AUDUSD Forecast

The AUDUSD continued its bullish momentum yesterday and hit another new historical high at 1.0946 earlier today in Asian session. The bias remains bullish in nearest term testing 1.1000 – 1.1050 new historical high projection. Immediate support at 1.0877. A clear break below that area would lead us to neutral zone in nearest term but overall the scenario remains strongly bullish.

 

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