EURJPY Forecast

The EURJPY slipped above 107.63 yesterday but so far the upside pressure still limited and unable to consistently move above that level. On h1 chart below we can see that the minor trendline support has been broken to the downside indicating potential downside pressure especially if price able to break below 106.80 re-testing 105.50 area. On the upside, 108.25 remains potential resistance to be tested if price make another move above 107.63.

GBPJPY  Forecast

The GBPJPY attempted to push higher yesterday, topped at 132.01 but traded lower around 131.02 at the time I wrote this comment indicating limited bullish correction. The bias is neutral in nearest term but still in major bearish scenario especially if price able to move consistently below 130.80 testing 129.80 area. On the upside, break above 132.00 could trigger further upside pressure testing 133.30 region.

AUDUSD Forecast

The AUDUSD attempted to push higher yesterday, slipped above the trendline resistance, topped at 0.8917 but traded lower and struggling around key level 0.8858 earlier today in Asian session at the time I wrote this comment. The bias remains neutral in nearest term. Consistent move below 0.8858 could trigger further bearish pressure testing 0.8715. On the upside, consistent move above the trendline resistance and 0.8917 could be a serious threat to the bearish scenario and lead us into neutral zone in medium term with potential bullish in nearest term testing 0.8970

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