EURJPY Forecast

The EURJPY attempted to push lower yesterday, bottomed at 132.38 but further bearish pressure was rejected as price whipsawed to the upside, topped at 133.64 and closed at 133.51. On h4 chart below we can see that price slipped above 133.77 area and now struggling around that area. I still prefer a bullish scenario but we need consistent move above 133.77 area to continue the bullish scenario targeting 135.40 area. Immediate support at 133.00. Break below that area should lead us into no trading zone as direction would become unclear for me but I still prefer a bullish scenario.

GBPJPY Forecast

The GBPJPY attempted to push lower yesterday, bottomed at 147.05 but price whipsawed to the upside, topped at 148.73 and closed at 148.67. Earlier today in Asian session, price slipped above key resistance level 148.95 and struggling around that area indicating potential bullish scenario continuation targeting 150.70 area. However we need a consistent move above 148.95 area to continue the bullish scenario. Immediate support at 148.20/00 area. Break below that area should lead us into no trading zone as direction would become unclear for me but I still prefer a bullish scenario.

AUDUSD Forecast

The AUDUSD failed to continue its bullish momentum yesterday. On daily chart below we have an important candlestick pattern, a shooting star, which is a bearish reversal pattern. At the same time, CCI just cross the 100 line down which is also suggesting potential downside pressure. The bias is bearish in nearest term testing 0.9091 area but the medium term bullish scenario should remains intact. Immediate resistance at 0.9220 area. Break above that area should trigger further bullish momentum and cancel the bearish reversal scenario.