EURJPY Forecast

The EURJPY had a bullish momentum on Thursday, topped at 133.58 and closed at 133.49. On h4 chart below we can see that price breakout above the trendline resistance area indicating potential further bullish momentum targeting at least 134.50 area. CCI just cross the 100 line down on h4 chart so watch out for potential downside correction testing 132.15 area. Break below that area and a movement back below the trendline should be seen as bullish failure lead us into no trading zone as direction would become unclear for me.

GBPJPY Forecast

The GBPJPY continued its bullish momentum on Thursday, topped at 150.68 and closed at 150.38. On h4 chart below we can see that price has convincingly break above the trendline resistance, indicating potential bullish scenario targeting 153.22 area. Immediate support at 148.95. Break below that area should lead us into no trading zone but I still prefer a bullish scenario at this phase.

AUDUSD Forecast

The AUDUSD is at critical phase now. On h4 chart below we can see that the bullish momentum was able to break above the trendline resistance (red), but price retreated to the downside, slipped below the bullish channel which is also indicating limited bullish momentum. I think we are in no trading zone now. I have two scenarios. Bullish: If price able to stay above the trendline and back inside the bullish channel targeting 0.9060 area. Bearish: If price back below the trendline, targeting 0.8860 area.