The EURJPY continued its bullish bias yesterday, topped at 105.99 and closed at 105.78. The bias is bullish in nearest term still testing 106.50. Immediate support is seen around 105.00. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 104.50 my overall intraday bias remains strongly to the upside.
The GBPJPY was indecisive yesterday, made a Doji on daily chart. There are no changes in my technical outlook. The bias remains bullish in nearest term still testing 127.28. Immediate support remains around 125.50. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and overall I still prefer a bullish intraday scenario at this phase with buy on dips strategy as a part of the bullish reversal scenario after the breakout above the trend line resistance and movement above 200-daily-EMA.
The AUDUSD had a bearish momentum yesterday, slipped below the trend line support as you can see on my h4 chart below and hit 1.0609 earlier today. The bias is bearish in nearest term but need a clear break below 1.0600 to confirm the bearish scenario. Immediate resistance is seen around 1.0700. A clear break above that area could lead price to neutral zone in nearest term but could keep the bullish scenario remains intact. On the downside, a clear break and daily close below 1.0600 would activate my bearish intraday mode at least testing 1.0500 area.
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