EURJPY Forecast

The EURJPY had a significant bearish momentum yesterday, bottomed at 121.57 and closed at 122.20. This fact should keep the bearish scenario intact and confirmed  but we need a consistent move below 122.10 area to continue further bearish pressure targeting 120.00 even 117.50 area in longer term. Immediate resistance at 123.60 area. Break above that area should lead us into no trading zone in nearest term but overall I prefer a bearish scenario with sell on rallies strategy.

GBPJPY Forecast

The GBPJPY also had a significant bearish momentum yesterday, bottomed at 139.36 and closed at 140.28. This fact should trigger further bearish scenario but note that we seem to have a good support around 139.30 area. We need a clear break below that area to continue bearish momentum targeting 137.80 before testing 134.50 region. Immediate resistance at 141.50 area. Break above that area should lead us into no trading zone in nearest term but overall I prefer a bearish scenario with sell on rallies strategy.

AUDUSD Forecast

The AUDUSD had a significant bearish momentum yesterday, break below 0.8780, bottomed at 0.8606 and closed at 0.8642. This fact should trigger further bearish scenario targeting 0.8550 area. Immediate at 0.8700 area. Break above that area should lead us into no trading zone in nearest term testing 0.8780, but as long as price stay below 0.8780 I still prefer a bearish scenario with sell on rallies strategy.