EURJPY Forecast

The EURJPY was indecisive yesterday made a Doji on daily chart. The bias remains bearish in nearest term testing 100.74 support area. A clear break and daily close below that area could trigger further bearish scenario testing 100.00 psychological support. Immediate resistance is seen around 101.81 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 102.48 the overall intraday bias should remain strongly to the downside and I still prefer a bearish intraday scenario at this phase with sell on rallies strategy.

GBPJPY  Forecast

The GBPJPY was indecisive yesterday. However the bias remains bearish in nearest term still testing 119.35 support area. Immediate resistance is seen around 121.11 (yesterday’s high). A clear break above that area could lead price to a neutral zone in nearest term but as long as stay below 122.62 I still prefer a bearish intraday scenario at this phase with sell on rallies strategy. My double bottom bullish reversal scenario remains valid but need a clear break and daily close above 122.62 to keep it strong.

AUDUSD Forecast

The AUDUSD continued its bearish momentum yesterday, broke below 0.9925, bottomed at 0.9883 and hit 0.9860 earlier today in Asian session. The bias remains bearish in nearest term testing the trend line support and 0.9785 as you can see on my h4 chart below. Immediate resistance is seen around 0.9925. A clear break back above that area could lead price to neutral zone in nearest term but as long as stay below 1.0080 my overall intraday bias should remain to the downside.

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