EURJPY Forecast

The EURJPY continued its bullish momentum yesterday and broke above 103.85, hit 104.02 earlier today. This fact could continue the bullish reversal scenario since bounced from 97.02, targeting 105.00/50 area. The bias is bullish in nearest term. Immediate support is seen around 103.30. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above the trend line support, I still prefer a bullish intraday scenario at this phase.

GBPJPY  Forecast

The GBPJPY had a strong bullish momentum yesterday, topped at 124.79 and hit 125.21 earlier today. The bias is bullish in nearest term testing 125.50. A clear break above that area could trigger further bullish scenario testing 127.28 as a part of the bullish reversal scenario after the breakout above the trend line resistance as you can see on my daily chart below. Immediate support is seen around 124.30. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 123.00/20 I still prefer a bullish intraday scenario at this phase.

AUDUSD Forecast

The AUDUSD had a bullish momentum yesterday, topped at 1.0772 and hit 1.0798 earlier today. The bias is bullish in nearest term still testing 1.0850 – 1.0900 area. Immediate support is seen around 1.0730/00. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above the trend line support I still prefer a bullish intraday scenario at this phase.

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