EURJPY Forecast

The EURJPY had a bearish momentum yesterday after price failed to consistently move above 124.80 area. This fact could be seen as a false breakout scenario which could produce significant bearish momentum testing 123.00 area but as long as price still move inside the minor bullish channel, the bullish correction scenario should remain intact.

GBPJPY Forecast

The GBPJPY made a significant technical movement by violated the bullish channel as you can see on my h4 chart below. This fact should be seen as bullish failure and potential bearish scenario targeting 139.80 area. Immediate resistance at 141.70 area. Break above that area should lead us into no trading zone as direction would become unclear for me.

AUDUSD Forecast

The AUDUSD was indecisive yesterday, formed a Doji on daily chart. On h4 chart below we can see that price still move inside the bullish channel indicating the bullish scenario remains intact (I have made some adjustment to the bullish channel). Expected range at 0.9040 – 0.8910 area. We need a break on either side to see clearer direction towards 0.9140 or 0.8780 area. Aggressive traders may short around 0.9040 or long around 0.8910 with a tight stop loss.