EURJPY Forecast

The EURJPY continued its bearish momentum on Friday, bottomed at 108.25 but closed a little bit higher at 108.83. The bias is bearish in nearest term testing 108.07 – 107.30. Immediate resistance at 109.20. Break above that area could lead us into neutral zone but the main scenario remains bearish and I prefer short on rallies at this phase.

GBPJPY Forecast

The GBPJPY attempted to push lower on Friday, bottomed at 131.98 but closed significantly higher at 133.01. The bias is neutral in nearest term but still within a major bearish scenario testing 130.83 especially if price able to move consistently below 132.00. Immediate resistance at 133.75 and the upper line of the minor bearish channel. Break above that area could trigger further upside correction testing 134.80 but the main scenario remains to the downside as long as price still move inside the major bearish channel.

AUDUSD Forecast

The AUDUSD slipped below 0.8858 key support area on Friday but further bearish pressure was rejected as price closed significantly higher at 0.8920. The bias is neutral in nearest term. The bullish scenario is in serious threat but unless we have a consistent move below 0.8858, the bullish scenario should remain intact. Immediate resistance at 0.8966 followed by 0.9040. A movement above 0.9040 could trigger further upside pressure testing 0.9145 and keep the bullish scenario alive and kicking. Below 0.8858, bearish target is seen around 0.8715 area.

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