EURJPY Forecast

The EURJPY attempted to push higher yesterday, topped at 134.36 but closed significantly lower at 133.62 and now traded around 133.28 at the time I wrote this comment. On h4 chart below we can see that this was a case of a false breakout from 133.77 area which technically could trigger a bearish momentum testing the trendline support (red). Break below the trendline should be seen as bullish failure testing 131.30 area. Another movement above 133.77 area should trigger further upside momentum re-testing 134.36 area.

GBPJPY Forecast

The GBPJPY attempted to push higher yesterday, slipped above the trendline resistance, topped at 149.58 but further bullish momentum was rejected as price closed lower at 148.36, back below the trendline resistance. This fact is a false breakout which usually trigger a downside pressure, testing the trendline support (blue) area. Break below the trendline support should be seen as bullish failure.

AUDUSD Forecast

The AUDUSD failed to continue its bullish momentum yesterday. This fact should lead us into no trading zone but as long as the bullish channel valid, the bullish scenario targeting 0.9404 should remains intact. Immediate support at 0.9230 – 0.9191 area. Break below that area should be seen as a serious threat to the bullish scenario. Immediate resistance at 0.9324 (yesterday’s high). Break above that area should trigger further bullish momentum targeting 0.9404 area.