The EURJPY made another bullish attempt on Friday, topped at 126.67 but once again, further bullish momentum was rejected as price closed lower at 124.80. This fact should keep the bearish scenario intact targeting 124.50 area. Break below that area should trigger further bearish momentum targeting 122.10 area this week. Immediate resistance at 125.65. Break above that area should trigger further bullish momentum testing 126.89 area.
The GBPJPY was closed lower on Friday and price is now traded below the triangle area indicating potential bearish view. The bias is bearish in nearest term targeting 142.00. Immediate resistance at 144.40 area. Break above that area should lead us into no trading zone in nearest term but I prefer a bearish scenario with sell on rallies strategy at this phase.
The AUDUSD continued its bearish momentum on Friday, bottomed at 0.8846 and touched 0.8812 level earlier today in Asian session. This fact should keep the bearish scenario intact but we need a movement below 0.8810 area to continue the bearish scenario towards 0.8733 area. Immediate resistance at 0.8870 followed by 0.8910 area.