EURJPY Forecast

The EURJPY had a significant bullish momentum yesterday and now back above 113.50. The bias is bullish in nearest term testing 115.50. Immediate support at 113.50. Break below that area could lead us into neutral zone in nearest term but overall the upside correction scenario which started from 107.49 remains intact.

GBPJPY Forecast

The GBPJPY continued its bullish correction yesterday after corrected lower since Wednesday last week. This fact could continue the upside pressure in nearest term testing 139.50 area. Immediate support at 136.30. Another movement back below that area could lead us into no trade zone as direction would become unclear.

AUDUSD Forecast

The AUDUSD continued its bullish momentum yesterday, topped at 0.9145 but traded lower earlier today in Asian session after worse that expected Building Approval and Retail Sales number, push the price back inside the rising wedge, messing up my nearest technical outlook. The bias is neutral in nearest term but the major bullish scenario remains intact. Immediate support at 0.9050 – 0.9000. Initial resistance at 0.9145. Break above that area could continue the bullish momentum testing 0.9230 area. Pay attention to the RBA rate decision and statement today.

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