EURJPY Forecast

As I had expected, the EURJPY had another bearish momentum on Friday. The pair hit my short target at 135.30, even further, bottomed at 134.18 and closed at 134.80. On h4 chart below we can see that the trendline support (now resistance) violation provide a bearish bearish view for me. The bias remains bearish in nearest term targeting 132.75. Immediate resistance is seen at 135.00. Break above that area should lead us into no trading zone.

width=480px

GBPJPY Forecast

The GBPJPY had a moderate bearish momentum on Friday. However, technically we have a significant movement. The broadening formation has been violated to the downside suggesting a bearish view. The bias is bearish in nearest term targeting 154.00. Break below that area should trigger further bearish momentum towards 152.61 area. Immediate resistance at 156.60. Break above that area should lead us into no trading zone.

width=480px

AUDUSD Forecast

The AUDUSD had a significant bearish momentum on Friday. On h1 chart below we can see that after violated the bullish channel, the price had bearish momentum and break below key support 0.8261 area indicating bearish view. The bias is bearish in nearest term targeting 0.8178 area. A movement back above 0.8261 should lead us into no trading zone.

width=480px

width=480px