EURJPY Forecast

The EURJPY was indecisive yesterday. On daily chart below we can see that price still able to stay inside the bullish channel as the lower line still does a good job preventing further bearish pressure and keep the major bullish scenario intact. The bias remains neutral in nearest term as intra-day bias direction remains unclear. Immediate resistance at 125.35. Break above that area should trigger further bullish momentum testing 126.30 region. Initial support at 123.50. Break below that area could be serious threat to the bullish outlook.

GBPJPY Forecast

The GBPJPY continue its bullish momentum yesterday, topped at 144.34 and closed at 144.02. The bias is bullish in nearest term targeting 145.95 area especially if price able to break above 144.90 area today. Immediate support at 143.10. Break below that area could trigger further bearish momentum testing 142.00 region and diminish the bullish outlook.

AUDUSD Forecast

As you can see on daily chart below, the AUDUSD slipped above the triangle indicating potential bullish scenario. However we need a consistent move above the triangle to confirm the bullish bias. I will pay attention to 0.9345 region today. Break above that area confirms my bullish outlook targeting 0.9381 – 0.9404 region. Immediate support at 0.9268 (current low). Break below that area and a movement back inside the triangle could cancel the bullish scenario in nearest term testing 0.9220 area but overall the main trend remains to the upside.

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