EURJPY Forecast

The EURJPY had a bearish momentum yesterday, broke below 100.74 and hit 100.34 earlier today in Asian session. The bias is bearish in nearest term testing 100.00 psychological support.  A clear break and daily close below that area could trigger further bearish scenario testing 99.20/00. Immediate resistance is seen around 100.74 (former support/low). A clear break back above that area could lead price to neutral zone in nearest term but as long as stays below 102.48 my overall intraday bias remains to the downside and I still prefer to sell on rallies at this phase.

GBPJPY  Forecast

The GBPJPY had a significant bearish momentum yesterday bottomed at 120.24 and hit 120.05 earlier today in Asian session. The bias is bearish in nearest term testing 119.35. A clear break below that area would be a threat to the double bottom bullish reversal scenario. Immediate resistance is seen around 120.80. A clear break above that area could lead price to neutral zone in nearest term testing 121.50 but as long as stays below 122.62 my overall intraday bias remains to the downside and I still prefer to sell on rallies at this phase.

AUDUSD Forecast

The AUDUSD had a bearish momentum yesterday after touched the upper line of the triangle as you can see on my h4 chart below. This fact keeps price in a consolidation phase inside the triangle but gives another chance for my bearish reversal scenario after hit the record high five months ago. The bias is bearish in nearest term testing 0.9980/25. Immediate resistance is seen around 1.0120. A clear break above that area could lead price to neutral zone in nearest term retesting the upper line of the triangle and 1.0200/50 resistance area but unless we have a clear break above the triangle I expect no further bullish scenario.

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