EURJPY Forecast

The EURJPY regained its bullish momentum yesterday, topped at 108.73 and closed at 108.45. The bias is bullish in nearest term testing 109.23/73. Immediate support is seen around 108.00. A clear break below that area could lead price to neutral zone in nearest term testing 107.30/00 area but as long as stays above 106.50 I still prefer a bullish scenario at this phase with buy on dips strategy.

GBPJPY  Forecast

The GBPJPY regained its bullish bias yesterday, topped at 128.22 and hit 128.44 earlier today. The bias is bullish in nearest term testing 129.42 before testing 130.82 as a part of the bullish scenario after the breakout above trend line resistance as you can see on my daily chart below. Immediate support is seen around 127.40. A clear break below that area could lead price to neutral zone in nearest term testing 126.50 but as long as stays above 125.50 I still prefer a bullish scenario at this phase with buy on dips strategy.

AUDUSD Forecast

The AUDUSD continued its bullish momentum yesterday, topped at 1.0798 and hit 1.0822 earlier today. The bias remains bullish in nearest term testing 1.0844. A clear break and daily close above that area could trigger further bullish scenario testing 1.0890 area even higher. Immediate support is seen around 1.0780. A clear break below that area could lead price to neutral zone in nearest term testing 1.0725 support area but as long as stays above 1.0600 I still prefer a bullish intraday scenario at this phase with buy on dips strategy. Overall price remains sideways in the last four weeks moving between 1.0844 – 1.0600 area.

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