The EURJPY continued its bullish momentum yesterday, topped at 107.00 and hit 107.48 earlier today. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 107.50 – 108.20 area. Immediate support is seen around 106.50. A clear break below that area could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario at this phase with buy on dips strategy.
The GBPJPY had another indecisive movement yesterday but there were some upside pressures earlier today hit 126.53. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 127.28. Immediate support remains around 125.50. A clear break below that area could postpone the bullish scenario testing 124.50 support area. Overall I still prefer a bullish intraday scenario at this phase as a part of the bullish scenario since the breakout above the trend line resistance.
The AUDUSD had a bullish momentum yesterday after found a good support around 1.0600, closed at 1.0726 and hit 1.0754 earlier today. As you can see on my h4 chart below price slipped back above the trend line support suggests bearish failure and keep the bullish outlook intact. The bias is bullish in nearest term testing 1.0844. Immediate support is seen around 1.0700. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.0600 I still prefer a bullish intraday scenario at this phase. From another technical perspective, actually price has been moving sideways between 1.0600 – 1.0844 in the last three weeks.
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