The EURJPY had a bearish momentum yesterday after failed to make a clear break above the trend line resistance and now struggling around 109.85. The bias is bearish in nearest term especially if price able to make a clear break below 109.55 targeting 108.33. Initial resistance at 110.75 and the trend line resistance area. Break above that area could trigger further bullish momentum but I think we need a clear break above 111.19 to continue the bullish scenario targeting 111.91 even higher.
The GBPJPY had a bearish momentum yesterday but still unable to break below 129.33 which is a good and strong support at this phase. I still maintain my bearish outlook but need a clear break below that area to continue the bearish scenario testing 127.97 and 126.43. Immediate resistance at 130.84 – 131.10 area. Clear break above that area could trigger further bullish pressure testing 132.00.
The AUDUSD didn’t make significant movement yesterday. There are no changes in my daily outlook and I am still in wait and see mode. We are still in bullish correction phase but only a clear break above 1.0000 would be a threat to my bearish reversal view. Immediate support remains 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.
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