The EURJPY was corrected higher yesterday, topped at 98.55 and closed at 98.44. The bias is bullish in nearest term testing 99.00. A clear break and daily close above 99.00 could trigger further bullish pullback but any upside correction now is normal and as long as stays below 100.74 I still prefer a bearish scenario with sell on rallies strategy. Immediate support is seen around 98.00. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish bias remains strong testing 97.00 support area.
The GBPJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but my overall technical bias remains to the downside testing 116.82. Immediate resistance is seen around 118.00/10. A clear break above that area could trigger further bullish pullback testing 119.35 but as long as stays below 122.62 I still prefer a bearish scenario with sell on rallies strategy.
The AUDUSD had another indecisive movement yesterday. The bias remains neutral in nearest term but the overall intraday bias remains to the upside, testing the upper line of the ascending triangle around 1.0385. A clear break and daily close above the triangle could trigger further bullish continuation scenario testing 1.0500 – 1.0600. Immediate support remains around 1.0250. A clear break and daily close below that area could trigger further bearish pressure testing 1.0144 and the lower line of the ascending triangle.
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