EURJPY Forecast

The EURJPY was indecisive yesterday, formed a Doji on daily chart. On h4 chart below we can see that it was a false breakout above 124.25 area. The bias is neutral in nearest term but the false breakout should trigger further bearish pressure testing 121.50 area. Another movement back above 124.25 should lead us into no trading zone as direction would become unclear.

GBPJPY Forecast

The GBPJPY attempted to push higher yesterday, slipped above 143.00 area but closed lower at 142.97 and keep moving lower around 142.49 at the time I wrote this comment. The bias is neutral in nearest term but this fact could be considered as a false breakout which could trigger further bearish momentum testing the lower line of the bullish channel. Another movement back above 143.00 should continue the bullish scenario targeting 144.77 area.

AUDUSD Forecast

The AUDUSD failed to continue its bullish momentum yesterday, unable to break above 0.9040 resistance area. The bias is neutral in nearest term with potential range area between 0.9040 – 0.8910. Break on either side should give us clearer direction towards 0.9120 or 0.8780.