The EURJPY was corrected lower yesterday but 120.38 support area still provide a good intraday support as you can see on my h4 chart below. I still prefer a bullish intraday outlook but a break below 120.38 could be a threat to my bullish intraday outlook testing 118.40/00 support area. On the upside we need a clear break above 121.40 to change the intraday bias back to bullish and keep the bullish scenario remains strong testing 121.80 – 122.50 before testing 123.31.
The GBPJPY failed to continue its bullish momentum yesterday, fell below 135.90 and now struggling around that area as you can see on my h4 chart below. This fact forces my intraday bias to neutral zone but overall I still prefer a bullish scenario. A clear break below 135.50 would change the intraday bias to bearish testing 134.80 – 134.00 support area. On the upside, we need a clear break at least above 136.50 to keep the upside pressure remains strong testing 137.00 and 139.67
The AUDUSD was able to maintain its bullish bias yesterday. There were some minor downside pullback earlier today in Asian session but 1.0877 still provide a good intraday support. The bias remains bullish in nearest term still targeting new historical high projection around 1.1000 – 1.1050. A clear break below 1.0877 would lead us to neutral zone in nearest term testing 1.0770 – 1.0750 support area but the major scenario remains strongly to the upside.
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