EURJPY Forecast

The EURJPY was indecisive on Friday, made a Doji on daily chart. Price attempted to push lower, but whipsawed to the upside and closed higher after found support around 109.85. The bias is neutral in nearest term. Immediate resistance at the trend line resistance (red) and 111.19. Clear break above that area could trigger further bullish pressure testing 111.91. Initial support remains around 109.85. Clear break below that area could trigger further bearish pressure testing 108.33 region.

GBPJPY  Forecast

The GBPJPY was volatile but indecisive on Friday. The bias is neutral in nearest term. Overall we are still in a major bearish outlook after the violation to the bullish channel but need a clear break below 129.33 to continue the bearish scenario testing 127.97 even 126.43. Immediate resistance at 130.84 – 131.10 area. Clear break above that area could trigger further bullish pressure testing 132.00.

AUDUSD Forecast

The AUDUSD continued its bullish momentum on Friday.  The bias is bullish in nearest term testing 1.0000 especially if price able to break above 0.9937 but as long as price stay below 1.0000 I still maintain my bearish reversal scenario after the fall from all time high at 1.0182. Immediate support at 0.9800. Break below that area could trigger further bearish pressure testing 0.9710 but only a clear break below 0.9710 would reactivate my bearish mode. I will stand aside for now.

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