The EURJPY had a bullish momentum yesterday, topped at 137.54 and closed at 137.34. On h4 chart below we can see that so far the price is able to keep moving above the trendline and consistently move above 136.08 area. Technically, this fact is nothing but a bullish confirmation. Nearest bullish target is seen at 138.00/30 area before re-testing 139.21 (June 05 high). However, CCI in overbought area and heading down in daily chart so watch out for potential downside correction testing 136.08 support area. Break below that area should lead us back into no trading zone.
The GBPJPY continued it’s bullish scenario yesterday. After break above 159.30, the pair topped at 161.76 and closed at 161.31. The bias is bullish in nearest term testing 162.57 area. Break above area should be seen as critical phase as it could be a beginning of potential bullish long term outlook. CCI in overbought area and heading down on h4 chart so watch out for potential downside correction testing 160.38 area. Break below that area should lead us into no trading zone in nearest term but as long as the pair stay above 159.30 medium outlook remains bullish.
The AUDUSD continued it’s bullish scenario yesterday, topped at 0.8439 and closed at 0.8471. The bias remains bullish and still targeting 0.8500. Note that that area could be a very strong resistance and if reached, we might see some downside correction. However, the scenario is on the upside, so if that area is broken to the upside, expect for further bullish scenario towards 0.8700 area. Immediate support at 0.8390/60 area. Break below that area should lead us into no trading zone in nearest term buat as long as the pair move above 0.8261, medium outlook remains bearish.