EURJPY Forecast

The EURJPY was volatile but indecisive last week. Price attempted to push higher but found a good resistance around the trend line resistance (white) and 113.40 region. The bias is neutral in nearest term but as long as price stays below the trend line resistance and 113.40 my overall technical bias remains to the downside. Immediate support is seen around 111.00. A clear break below that area would change the intraday bias back to bearish testing 109.45. Immediate resistance is seen around 112.50. A clear break above that area could change the intraday bias to bullish retesting 113.40 and the trend line resistance.

GBPJPY  Forecast

The GBPJPY was volatile but indecisive last week. Price slipped above the trend line resistance but closed back below the trend line resistance. This fact keeps the major bearish scenario intact and a false breakout scenario could trigger a downside pullback testing 125.95 especially if price able to make a clear break below 127.50 support area today. On the upside, immediate resistance is seen around 129.00 and the trend line resistance area. Another movement back above the trend line resistance could produce another threat to the bearish scenario.

AUDUSD Forecast

The AUDUSD had a significant bearish momentum last week just after hit a new historical high at 1.1079, bottomed at 1.0373 and hit 1.0299 earlier today in Asian session. While my major outlook remains bullish, the intraday bias has changed to a bearish view, testing 1.0200 and the minor trend line support (white) as you can see on my daily chart below. Immediate resistance is seen around 1.0425. A clear break above that area could lead price to a neutral zone in nearest term but only a clear break back above 1.0525 could stop the current strong bearish intraday outlook, keep the major bullish scenario remains strong and reactivate my bullish mode.

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