EURJPY Forecast

The EURJPY was corrected higher yesterday, topped at 98.24 and hit 98.27 earlier today. The bias is neutral in nearest term but as long as stays below 100.74 my overall technical bias remains to the downside. Immediate resistance is seen around 99.00. A clear break and daily close above that area could trigger further bullish pullback testing 100.74. Immediate support is seen around 97.80. A clear break below that area could trigger further bearish pressure testing 97.00 support area and keep the major bearish scenario remains strong.

GBPJPY  Forecast

The GBPJPY didn’t make significant movement yesterday. The bias is neutral in nearest term but as long as stays below 122.62 my overall intraday bias remains to the downside. Immediate resistance is seen around 119.35/50. A clear break and daily close above that area could trigger further bullish pullback testing 120.00/50. Immediate support is seen around 118.50. A clear break below that area could trigger further bearish pressure testing 117.75 – 116.82 support area.

AUDUSD Forecast

The AUDUSD had a bullish momentum yesterday, topped at 1.0256 and hit 1.0321 earlier today. The bias is bullish in nearest term and this facts keep the bullish scenario after the breakout above the triangle remains intact but would need a clear break and daily close above 1.0385 resistance area to confirm further bullish intraday scenario testing 1.0500 region. Immediate support is seen around 1.0250 (current low). A clear break and daily close below that area could lead price to neutral zone in nearest term testing 1.0144 support area.

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