EURJPY Forecast

The EURJPY had a significant bullish momentum yesterday, topped at 124.47 and closed at 124.08. On h4 chart below we can see that the bearish channel has been violated to the upside indicating bullish outlook. The bias is bullish in nearest term targeting 125.90 area but we need a consistent move above 124.25 area to continue the bullish momentum. Immediate support at 123.50. Break below area should lead us into no trading zone as direction would be come unclear.

GBPJPY Forecast

The GBPJPY had a bullish momentum yesterday, topped at 142.56 and closed at 142.30 after breakout above my ascending triangle, confirming the bullish correction scenario. The bias is bullish in nearest term targeting 143.00 area before testing 145.20 area. Immediate support at 141.50 area. Another movement below that area should be a serious threat to the bullish correction scenario testing 140.90 area.

AUDUSD Forecast

The AUDUSD had a significant bullish momentum yesterday, topped at 0.9026 and closed at 0.9018. The bias is bullish in nearest term targeting 0.9120 area but we need a consistent move above 0.9040 to continue the bullish scenario. Immediate support at 0.8970. Break below that area should lead us into no trading zone and price might be trapped in range area of 0.9040 – 0.8910 area.