The EURJPY continued its bullish momentum yesterday, topped at 111.48 and closed at 111.42. The bias remains bullish in nearest term testing 111.91. Break above that area could trigger further bullish momentum testing 112.50/80 which would give further validation to the bullish scenario. Immediate support at 110.75/58. Break below that area could lead us to neutral zone in nearest term as direction would become unclear testing 109.85/55 support area.
The GBPJPY had another strong bullish momentum yesterday, topped at 132.99 and closed at 132.88. The bias remains bullish in nearest term especially if price able to make another upside break above 133.00 testing 134.20 key resistance area. Immediate support at 132.00. break below that area could lead us to neutral zone in nearest term testing 130.84 support area. I prefer a bullish scenario at this phase and expecting some breaks to the upside.
The AUDUSD failed to test 0.9710 yesterday and traded significantly higher earlier today in Asian session hit 0.9883. The bias is bullish in nearest term testing 0.9950 – 1.0000 but my bearish reversal scenario remains valid and only a clear break above 1.0000 could be a threat to my bearish outlook. Immediate support at 0.9800. Break below that area could trigger further bearish pressure testing 0.9710. I will keep stand aside for now.
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