EURJPY Forecast

As I had expected, the EURJPY had a bearish momentum on Friday, bottomed at 130.29 and closed at 130.59. This fact should keep my bearish scenario intact but we need a clear break below 130.00 area to continue further bearish scenario targeting 129.00. Immediate resistance at 131.30. Break above that area should be a potential threat to my bearish outlook and could trigger further bullish momentum.

GBPJPY Forecast

The GBPJPY had a bearish momentum on Friday. On daily chart below we can see that price is now struggling around the lower line of the triangle indicating a critical phase. So far price still able to stay below the triangle so I prefer a bearish scenario at this phase targeting 146.70 area. Immediate resistance at 148.20 area. Break above that area should lead us into no trading zone as direction would become unclear.

AUDUSD Forecast

My technical strategy to short around 0.9325 area as a top/peak was proved to be a good strategy as we had a significant bearish momentum on Friday. On h4 chart below we can see that the bullish channel has been violated to the downside indicating bullish failure and potential bearish scenario targeting 0.9110. Immediate resistance at 0.9240 area. Break above that area should lead us into no trading zone as direction would become unclear.