The EURJPY failed to continue its bullish bias yesterday, moving lower even before touch the trend line resistance and hit 110.43, keep the major bearish scenario intact. The bias is bearish in nearest term testing 109.45. Immediate resistance is seen around 110.85 - 111.00. Another break back above that area would lead price to neutral zone in nearest term but would give another chance for bullish attempt testing the trend line resistance. The ascending triangle scenario is no longer valid, but any move above the trend line resistance is a threat to the bearish scenario.
The GBPJPY had a bearish momentum yesterday, slipped below 124.85 and now struggling around that area. The bias is bearish in nearest term especially if price able to make a clear break below 124.85 testing 124.00 before targeting 122.93. Immediate resistance is seen around 125.20. A clear break back above that area could lead price to neutral zone in nearest term testing 126.00 region but as long as price stays below the trend line resistance the major bearish scenario should remain intact.
The AUDUSD was indecisive yesterday, made a Doji on daily chart. The bullish rally was stopped by broad US Dollar strength, but as long as price stays above 1.0600 my intraday bias remains to the upside, still targeting 1.0785.
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