The EURJPY continued its bullish bias yesterday after unable to break below 109.50, topped at 111.14 and closed at 110.55. The bias is bullish in nearest term still targeting 111.60. Immediate support at 110.20. Clear break below that area could lead us to neutral zone in nearest term re-testing 109.50 but as long as price stays above 109.50 I still prefer a bullish scenario at this phase.
The GBPJPY attempted to push higher yesterday, topped at 132.47 but closed lower at 131.85 and hit 131.40 earlier today in a volatile market. The bias is neutral in nearest term. I still prefer a bullish scenario at this phase still targeting 133.00 but will stand aside for now because of bad risk-reward ratio. Immediate support at 130.40. I am expecting further bearish correction to that support area and plan to have a long position as risk-reward ratio looks good there. On the upside, clear break above 133.00 would lead us to further bullish scenario targeting 135.00 even 137.00 area in longer term.
The AUDUSD continued its bullish momentum yesterday, topped at 1.0004 and hit 1.0037 earlier today in Asian session. As you can see on my daily chart below, many of the AUDUSD bullish movement were triggered by double/triple bottom formation and another bullish scenario is expected now testing all time high at 1.0182 and 1.0256. The bias is bullish in nearest term targeting 1.0075. Immediate support at 0.9960 (current low). Break below that area could lead us to neutral zone in nearest term as direction would become unclear.
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