EURJPY Forecast

The EURJPY had a moderate bearish momentum yesterday, bottomed at 133.90 and closed at 134.19. On h4 chart below we can see that the bullish channel has been violated to the downside indicating bullish failure and potential bearish outlook. However we need a clear break below 133.90 area to confirm bearish scenario targeting 132.90 area. Immediate resistance at 134.70 area. Break above that area should lead us into no trading zone. CCI about to cross the 100 line down on h4 chart suggesting potential downside pressure.

GBPJPY Forecast

The triangle breakdown gave us a valid bearish signal yesterday. The pair bottomed at 152.21 and closed at 152.94. The bias remains bearish in nearest term targeting 150.80 area. However CCI in oversold area and heading up on h4 chart so watch out for potential upside rebound testing 153.40 area. Break above that area should lead us into no trading zone.

AUDUSD Forecast

The AUDUSD had a bearish momentum yesterday. On h4 chart below we can see that after break below trendline support (red, now become resistance) the pair had some bearish momentum, bottomed at 0.8251 and closed at 0.8268 but trendline support (blue) still hold so far. The bias is bearish in nearest term but we need a break below the trendline support (blue) and consistent move below 0.8261 area to confirm the bearish scenario targeting 0.8170 area. CCI in oversold area and heading up on h4 chart so watch out for potential upside rebound testing 0.8320 area. Break above that area should lead us into no trading zone.