The EURJPY had a strong bullish momentum yesterday, broke above 100.74 and hit 102.43 earlier today. The bias is bullish in nearest term especially if price able to make another strong break above 102.48 testing the trend line resistance (white) and 103.00 area. A clear break above the trend line resistance could create further bullish reversal scenario at least testing 103.85 area. Immediate support is seen around 101.50. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and as long as stays above 100.74 my overall intraday bias remains to the upside.
The GBPJPY had a strong bullish momentum yesterday topped at 122.23 and slipped above 122.62 key resistance earlier today. The bias is bullish in nearest term testing the 200-daily-EMA resistance around 123.20. A clear break and daily close above that area could trigger further bullish scenario testing 125.50. Immediate support is seen around 121.80. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 121.00 my overall intraday bias remains strongly to the upside as a part of the bullish scenario since the breakout above the trend line resistance as you can see on my daily chart below.
The AUDUSD still able to maintain its bullish bias yesterday although the bullish momentum was less than I had expected, topped at 1.0822 and hit 1.0834 earlier today. The bias remains bullish in nearest term still testing 1.0900. There are no changes in my technical outlook. From a longer term view, the breakout above 1.0751 could create further bullish continuation scenario testing the record high 1.1079. Immediate support remains 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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