EURJPY Forecast

The EURJPY attempted to push lower yesterday, bottomed at 102.99 but closed higher at 103.66. The bias is neutral in nearest term but as long as stays below 104.95 my overall intraday bias remains to the downside testing 102.48 even 100.74. Immediate resistance is seen around 104.00. A clear break above that area could trigger further bullish pullback testing 104.95 but only a clear break above 104.95 could stop the current bearish intraday outlook.

GBPJPY  Forecast

The GBPJPY attempted to push lower yesterday, bottomed at 120.90 but closed higher at 121.44. The bias is neutral in nearest term but as long as stays below 122.62 my overall intraday bias remains to the downside testing 119.35. Immediate resistance is seen around 121.60. A clear break above that area could trigger further upside pullback testing 122.62, but only a clear break and daily close above 122.62 would stop the current bearish intraday outlook, probably turn my intraday bias to a bullish mode as the double bottom bullish reversal scenario might regain its momentum testing 125.50 even higher.

AUDUSD Forecast

The AUDUSD had a bearish momentum yesterday, bottomed at 1.0145 and hit 1.0089 earlier today in Asian session after made a false breakout above the range area and fell back below the range area as you can see on my h4 chart below. This fact is a threat to the double bottom bullish scenario. The bias is bearish in nearest term especially if price able to make a clear break below 1.0080 support area testing 0.9925. Immediate resistance is seen around 1.0149. A clear break above that area would lead price to neutral zone in nearest term as direction would become unclear but would keep the double bottom bullish scenario strong.

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