The EURJPY had a bullish momentum yesterday after failed to break below 109.55, topped at 111.10 and closed at 110.60 in a volatile market. The bias is bullish in nearest term especially if price able to make a clear break above 111.19 targeting 111.91 area. Immediate support at 110.58 (current low). Break below that area could lead us to neutral zone both in nearest and medium term as direction is unclear and may create a range market between 109.55 – 111.19.
The GBPJPY had a significant bullish momentum yesterday, topped at 131.77 and closed at 131.51, made a huge bullish candle on daily chart. The bias is bullish in nearest term especially if price able to make another strong break out above 132.00 targeting 133.00 and would be a serious threat to the major bearish outlook. Immediate support at 130.84. Break below that area would keep the major bearish scenario intact re-testing 129.33 strong support area.
The AUDUSD attempted to push higher yesterday, topped at 0.9964 but whipsawed to the downside, closed lower at 0.9831 and hit 0.9779 earlier today in Asian session. On h4 chart below we can see price slipped below the bullish channel indicates potential bearish outlook as bullish correction phase could be over testing 0.9710. Immediate resistance at 0.9855. Break above that area could lead us to neutral zone in nearest term but as long as price moves below 1.0000 my bearish reversal scenario remains valid.
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