EURJPY Forecast

The EURJPY still able to maintain its bullish bias on Friday after found support around 113.00 area. The bias remains bullish in nearest term especially if price able to make another strong and clear break above 113.99 targeting 114.90. Immediate support at 113.00. A clear break below that area would lead us to neutral zone in nearest term testing 112.30/00 but as long as price stays above 110.80 the major bullish outlook remains intact.

GBPJPY  Forecast

The GBPJPY continued its bullish momentum on Friday but still unable to make a clear break above 135.50 which is a triple top formation if you look at the daily chart, a strong resistance area that need to be clearly broken to the upside to continue the bullish scenario targeting 136.50 and 137.75. Immediate support remains around 134.20. A clear break below that area would change the intraday bias to bearish testing 133.15 but overall the technical bias remains to the upside.

AUDUSD Forecast

The AUDUSD continued its bullish momentum on Friday but with smaller bullish candle compared to Wednesday and Thursday. The bias remains bullish in nearest term but note that we may have a good and strong resistance around the all time high around 1.0200 – 1.0256 area. I think I will stand aside for now and see if price able to make a clear break above 1.0256 to reactivate my bullish mode aim for new all time highs. Immediate support at 1.0070. A clear break below that area would change the intraday technical bias to bearish testing 1.0020/00 area and the lower line of the rising wedge formation.

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