EURJPY Forecast

The EURJPY made indecisive movement yesterday. We have nothing significant technically and the bias is neutral in nearest term but I still prefer a bearish scenario at this phase especially we we have a valid break below 130.00 targeting 129.00 area. Immediate resistance at 131.30. Break above that area should be seen as a serious threat to the bearish outlook.

GBPJPY Forecast

The GBPJPY didn’t make significant movement yesterday, but earlier today in Asian session we have some upside pressure. However, as you can see in my daily chart below, price still trapped in triangle area indicating consolidation (I made some adjustment to the triangle). I think we are in no trading zone and I prefer to stand aside for now and wait for further development. We need a clear break from the triangle to see clearer direction. Immediate resistance at 149.95. Break above that area should be seen as potential bullish scenario. Initial support at 148.00 area. Break below that area should be seen as potential bearish scenario.

AUDUSD Forecast

The AUDUSD failed to continue its bearish momentum yesterday, topped at 0.9278 and closed at 0.9261. This fact lead me to a no trading zone area but the bias is to the upside in nearest term. My bearish scenario should remains intact as long as price move below 0.9325 area, which is for me a good place for a short position with a tight stop loss above it. Immediate support at 0.9240 area. Break below that area should trigger further bearish momentum and keep the bearish scenario towards 0.9110 intact.