The EURJPY was indecisive yesterday. Price attempted to push lower, bottomed at 99.85 but further bearish pressure was rejected and hit 100.70 earlier today. The bias remains neutral in nearest term. The bullish scenario since bounced from 97.02 should remain intact and I still prefer a bullish intraday scenario at this phase but would need a clear break and daily close above 100.74 to reactivate my bullish mode testing 102.48. Immediate support is seen around 100.00 – 99.85. A clear break below that area could trigger further bearish pressure testing 99.00.
The GBPJPY was indecisive yesterday, made a Doji on daily chart. There are no changes in my technical outlook. The bias remains neutral in nearest term but overall price is still in a bullish intraday phase since broke above the trend line resistance testing 122.62 key resistance area. Immediate support is seen around 121.00 followed by 120.50. A clear break and daily close back below 120.50 could trigger further bearish pullback retesting 119.35 support area.
The AUDUSD didn’t make significant movement yesterday, but pushed higher earlier today hit 1.0807. The bias is bullish in nearest term testing 1.0900. From a longer term outlook, the breakout above 1.0751 could create further bullish continuation scenario testing the record high 1.1079. Immediate support is seen around 1.0751. A clear break back below that area could lead price to neutral zone in nearest term but as long as stays above 1.0600 I still prefer a bullish intraday scenario at this phase.
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