EURJPY Forecast

The EURJPY attempted to push lower but still unable to move consistently below 109.20 strong support area so far. The bias is remains neutral in nearest term but still within the major bearish scenario. Clear break below 109.20 could trigger further downside pressure testing 108.07 – 107.30. Immediate resistance at 110.12 (yesterday’s high) followed by 110.70.

GBPJPY Forecast

The GBPJPY attempted to push higher yesterday but closed at the opening price formed a Doji on daily chart indicating indecisive movement. I made some adjustments to the minor bearish channel. The bias is neutral in nearest term but still within a major bearish scenario. Immediate support at 132.50. Break below that area could trigger further bearish pressure testing 132.00. Initial resistance at 134.50. Break above that area could trigger further upside recovery in the circle area but as long as price move inside the major bearish channel the main scenario remains bearish.

AUDUSD Forecast

The AUDUSD continued its bearish pressure yesterday, bottomed at 0.8904 and keep moving lower earlier today in Asian session. The bias remains bearish in nearest term testing 0.8858 key support area. Break below that area could be a serious threat to the bullish outlook even potential bearish reversal scenario at least testing 0.8715 region. Immediate resistance at 0.8965 followed by 0.9040.

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