EURJPY Forecast

The EURJPY continued its bullish momentum yesterday, topped at 103.28 and slipped above the trend line resistance as you can see on my daily chart below. The bias remains bullish in nearest term testing 103.85 area. Immediate support is seen around 102.48. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 100.74 my overall intraday bias remains to the upside.

GBPJPY  Forecast

The GBPJPY continued its bullish momentum yesterday, slipped above 122.62, topped at 122.97 but corrected lower earlier today hit 122.50. The bias remains bullish in nearest term still testing the 200-daily-EMA 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 122.00/30. 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 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.

AUDUSD Forecast

The AUDUSD had another indecisive movement yesterday, but there were some bearish pressure earlier today slipped below 1.0700. The fact that price is now move back below 1.0751 postpone the bullish scenario. The bias is bearish in nearest term testing the trend line support (see my h4 chart below) and 1.0600 but only a clear break and daily close below that area could stop the overall bullish intraday outlook.  On the upside, we need a clear break and daily close back above 1.0751 to keep the major bullish scenario remains strong challenging record high 1.1079.

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