The EURJPY was volatile but indecisive yesterday. There are no changes in my daily technical outlook. The bias remains neutral in nearest term. Overall we are still in the rising wedge bearish scenario but would need a clear break below 109.50 to continue the bearish pressure targeting 108.33. Immediate resistance at 110.70 followed by 111.60/90.
The GBPJPY attempted to push lower yesterday, slipped below 129.33 but unable to stay below that area so far. The bias is neutral in nearest term. Overall we are still in strong bearish scenario of the double top formation but need a clear break below 129.33 to continue the bearish pressure testing 127.00 – 126.50 this week. Immediate resistance at 130.27 followed by 130.84.
The AUDUSD continued its bullish intra-day bias yesterday, but still moves below 1.0000/27 resistance, which need to be clearly broken to the upside to continue the bullish scenario testing 1.0070/90 in nearest term before re-testing all time high at 1.0182. Immediate support remains around 0.9900. Break below that area could trigger further bearish pressure testing the trend line support which would give the rising wedge bearish reversal scenario another chance.
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