EURJPY Forecast

The EURJPY attempted to push higher on Friday, topped at 131.57 but further upside momentum was rejected as the pair closed much lower at 130.21. On h4 chart below we can see that price is now testing the trendline support (blue). Break below the trendline support should trigger further significant bearish momentum. The bias is bearish in nearest term targeting 129.00, but medium bias remains neutral and only consistent move below 129.00 could change my medium outlook into a bearish view. Immediate resistance at 131.00 followed by 131.75 area.

GBPJPY Forecast

The GBPJPY had a moderate bullish momentum on Friday, topped at 145.64 but closed lower at 144.87 and continue moving lower around 143.58 area at the time I wrote this comment. On h4 chart below we can see that this was a case of false breakout above 144.85 which is potentially trigger further bearish momentum, especially if price break below the trendline (blue) towards 141.99 area. Immediate resistance at 144.85.

AUDUSD Forecast

The AUDUSD had a significant bearish momentum after a false breakout above 0.9180 and the trendline resistance area and now traded around 0.9063 at the time I wrote this comment. The bias is bearish in nearest term targeting 0.9030 area. Break below that area should trigger further bearish scenario towards 0.8915 area. Immediate resistance at 0.9180. As long as price stay below that area I still prefer a bearish scenario at this phase.