EURJPY Forecast

The EURJPY had indecisive movement yesterday as bullish momentum was paused indicating consolidation. On h4 chart below we can see that the pair attempted to push lower, but support area around 136.08 still hold so far and closed higher at 137.10. The bias is neutral in nearest term but bullish medium term outlook remains intact. I am expecting range trading area of 136.08 – 138.39 today.

GBPJPY Forecast

The GBPJPY made indecisive movement yesterday, formed a Doji formation on daily chart. On h4 chart below we can see that the pair has been moving in sideways area after significant bullish momentum indicating consolidation. Although we may have potential range bound market of 159.30 – 162.57 I still prefer upside scenario. However, unless we have clear break above 162.57, bullish scenario might be very limited at this phase. Immediate support at 160.00. Break below that area should trigger further bearish correction testing 159.30.

AUDUSD Forecast

The AUDUSD bullish momentum was paused yesterday. After significant bullish momentum since breakout above 0.8261 signaling bullish continuation, the pair seems to consolidating now, moving in sideways area as you can see on h1 chart below. The bias is neutral in nearest term and we might have further consolidation and lower correction but I still prefer a bullish scenario with 0.8500 as potential nearest target before headed for 0.8700. Immediate support at 0.8350.