EURJPY Forecast

The EURJPY had another indecisive movement on Friday, made another Doji on daily chart. The bias is neutral in nearest term but the overall intraday bias remains to the downside testing 100.74. A clear break and daily close below that area could trigger further bearish pressure testing 100.00 psychological level. Immediate resistance is seen around 101.80 which has been a good daily resistance since Wednesday. A clear break and daily close above that area could trigger further bullish pullback testing 102.48.

GBPJPY  Forecast

The GBPJPY was indecisive on Friday, made a Doji on daily chart. The bias is neutral in nearest term but my overall intraday bias remains to the downside and I still prefer to sell on rallies. Price has been making lower highs and lows since fell from 122.62 and need a clear break and daily close above that area to stop the bearish view and keep the double bottom bullish reversal scenario strong. On the downside, immediate support which is also the nearest bearish target remains around 119.35.

AUDUSD Forecast

The AUDUSD had a bearish momentum last week, bottomed at 0.9860 but closed higher at 0.9980. As you can see on my h4 chart below price has been moving inside a triangle formation suggests a wide consolidation condition and need a clear break from the triangle to see clearer direction. The bias is neutral in nearest term but as long as stays below 1.0080 my overall intraday bias remains to the downside testing the lower line of the triangle and 0.9785 support area. A clear break below that area not only could continue the intraday bearish outlook but also impact the long term outlook with potential major bearish reversal scenario after hit the record high five months ago. Immediate resistance is seen around 0.9930/60. A clear break above that area could trigger further bullish pullback testing 1.0080.

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