EURJPY Forecast

The EURJPY had a significant bearish momentum yesterday, break below the trendline support area after made a false breakout, as you can see on my h4 chart below. This fact should be seen as bullish failure and potentially trigger further bearish pressure testing 131.30 area. Break below that area should trigger further bearish momentum targeting 130.00 area. Immediate resistance at 132.30 area. Break above that area should lead us into no trading zone in nearest term but I still prefer a bearish scenario at this phase.

GBPJPY Forecast

The GBPJPY had a bearish momentum, bottomed at 146.65 and closed at 147.06. On daily chart below we can see that we  are in critical technical phase as price is now struggling around the trendline support area. Consistent move below that trendline support should be seen as bullish failure and trigger further bearish momentum targeting 145.20 area. Immediate resistance at 147.70 area. Break above that area should keep the bullish scenario intact.

AUDUSD Forecast

The AUDUSD had a bearish momentum yesterday, bottomed at 0.9169 and closed at 0.9198. I think we are in critical technical phase now. On h4 chart below we can see that price slipped below the bullish channel indicating serious threat to the bullish scenario but price still move around 0.9228 – 0.9190 support area. We need consistent move below that area to confirm the bearish scenario towards 0.9100 – 0.9000 area. Immediate resistance at 0.9250. Break above that area should keep the bullish scenario targeting 0.9404 intact.