EURJPY Forecast

The EURJPY had another indecisive movement yesterday. We have four consecutive Doji candle stick on daily chart since last week simply suggests a sideways/consolidation condition. The bias remains neutral in nearest term and there are no changes in my technical outlook. My 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, the upper line of the current range area. A clear break and daily close above that area could trigger further bullish pullback testing 102.48.

GBPJPY  Forecast

The GBPJPY had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains 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 was indecisive yesterday. 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. Immediate resistance is seen around 0.9968 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 1.0025/80 region. On the downside, we need a clear break and daily close below 0.9860 to continue the bearish scenario testing 0.9785.

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