The EURJPY had a bearish momentum yesterday, bottomed at 102.59. The bias is bearish in nearest term especially if price able to make a clear break below 102.48 retesting 100.74 area. Immediate resistance is seen around 103.25. A clear break back above that area could lead price to neutral zone in nearest term but as long as stays below 104.95 my overall intraday bias remains to the downside and I still prefer to short on rallies.
The GBPJPY had another indecisive movement yesterday, made another Doji on daily chart. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays below 122.62 I still prefer a bearish intraday scenario at this phase with short on rallies strategy, still testing 119.35. My double bottom bullish reversal scenario remains valid, but need a clear break at least above 122.62 to keep the bullish scenario strong. On the downside, a clear break and daily close below 119.35 could be a threat to the double bottom bullish reversal scenario.
The AUDUSD had a bearish momentum yesterday, bottomed at 1.0031 and closed at 1.0038 on broad US Dollar strength. The bias is bearish in nearest term testing 0.9925. The double bottom bullish scenario remains valid but under a serious threat now and need at least a clear break above 1.0250 to keep it strong. Immediate resistance is seen around 1.0080. A clear break back above that area could lead price to neutral zone in nearest term testing 1.0149.
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