EURJPY Forecast

The EURJPY had a significant technical movement earlier today in Asian market, break above 124.80 resistance area. This fact should continue the bullish correction scenario target 126.40 area in nearest term. Another movement back below 124.80 should lead us into no trading zone but the minor bullish correction scenario should remain as long as price move inside the bullish channel.

GBPJPY Forecast

As you can see on h4 chart below, the lower line of the bullish channel was proved to be a good support area at this phase as price bounced higher after failed to move below it indicating the bullish correction scenario remains intact at least targeting 143.00 area. Immediate support at 141.40 area. Consistent move below that area and below the bullish channel should be seen as a serious threat to the bullish correction scenario and continue the bearish scenario re-testing 139.50 even 138.23 area.

AUDUSD Forecast

The AUDUSD attempted to push lower on Friday, slipped below 0.8910, bottomed at 0.8877 but closed higher at 0.8982. This fact could be seen as a false breakdown scenario which could trigger significant bullish momentum testing 0.9040 area. Break above that area should lead us into further bullish scenario targeting 0.9140 area. Immediate support  around 0.8910/50 region.