Daily Forecast for Crosses: February 03

By @ibtimes on

EURJPY Forecast

The EURJPY made another indecisive yesterday, made another Doji on daily chart. The bias remains neutral in nearest term. Price has been making higher low and high in the last three days but would need a clear break above 113.00 to reactivate my bullish mode still targeting 114.90. Immediate support remains at 111.60. Break below that area could be a threat to the bullish outlook.

GBPJPY  Forecast

The GBPJPY had a bullish momentum yesterday, topped at 132.29 and closed at 131.95. The bias is bullish in nearest term targeting 133.00 but note that overall price still trapped in wide range area of 133.00 – 129.3o as you can see on my h4 chart below. Immediate support at 131.60. Break below that area could trigger further bearish pullback testing 130.40 support area in nearest term.

AUDUSD Forecast

The AUDUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but still within the context of a strong bullish phase targeting all time high at 1.0182 and 1.0256. Immediate support at 1.0050 – 1.0020 area. A clear break below 1.0020 could trigger further bearish pullback testing 0.9960 and could be a threat to the strong bullish outlook.

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