EURJPY Forecast

The EURJPY was volatile but indecisive on Friday. The bias is neutral in nearest term. We are still in a major bearish scenario but need a consistent move below 109.20 to continue the bearish pressure testing 108.07 – 107.30 area. Immediate resistance at 110.70 followed by 111.60.

GBPJPY Forecast

The GBPJPY had a bullish momentum on Friday, topped at 134.80 and closed at 134.52 but traded significantly lower earlier today in Asian session, hit 133.20 in a volatile market. The major scenario remains bearish as long as price move inside the bearish channel but watch out for potential upside correction scenario in the circled area. We need a consistent move below 132.80 to continue the bearish pressure testing 132.00. Immediate resistance at 134.50 followed by 135.50.

AUDUSD Forecast

The AUDUSD attempted to push higher on Friday, topped at 0.9034 but closed lower at 0.8925 indicating the bearish pressure is not over yet testing 0.8858 key support area. Break below that area could be a serious threat to the bullish outlook and potential bearish reversal scenario which was indicated by the rising wedge formation testing 0.8715. Immediate resistance remains around 0.9040 followed by 0.9145.

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