EURJPY Forecast

The EURJPY had a bearish momentum yesterday, closed at 101.95 but traded higher earlier today hit 102.61. The bias remains neutral in nearest term. Price has been moving sideways since Thursday. Overall I still prefer a bullish intraday scenario at this phase as long as price stays above the trend line support and 100.74 with nearest bullish target remains around 103.85. Immediate resistance is seen around 102.61 (current high). A clear break above that area could trigger further bullish pressure testing 103.00 – 103.85 area. Immediate support is seen around 120.00 – 101.50 area.

GBPJPY  Forecast

The GBPJPY had a bearish momentum yesterday, bottomed at 121.65 but traded higher earlier today hit 122.48. The bias remains neutral in nearest term but overall I still prefer a bullish intraday scenario at this phase as a part of the bullish scenario since broke above the trend line resistance as you can see on my daily chart below but need a clear break and daily close above the 200-daily-EMA resistance area around 123.20 to continue the bullish scenario. Immediate support is seen around 121.50.

AUDUSD Forecast

The AUDUSD was volatile but indecisive yesterday. Price attempted to push higher, topped at 1.0777 but closed lower at 1.0702 and hit 1.0666 earlier today. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays above the trend line support and 1.0600 I still prefer a bullish intraday scenario at this phase still with nearest target around 1.0850 – 1.0900. On the downside, a clear break and daily close below the trend line support and 1.0600 would stop the bullish intraday outlook testing 1.0500 area.

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