EURJPY Forecast

The EURJPY continued its bullish momentum yesterday and now testing 99.00 resistance area. The bias remains bullish in nearest term but my overall intraday bias remains to the downside. Sell around 99.00 seems to be a good idea with a tight stop loss, targeting 97.00. A clear break and daily close above 99.00 could continue the bullish correction phase testing 100.74. Immediate support is seen around 98.20/00. A clear break back below that area could lead price to neutral zone in nearest term but would keep the major bearish scenario remains strong.

GBPJPY  Forecast

The GBPJPY was corrected higher yesterday, topped at 118.62 and closed at 118.45. The bias is neutral in nearest term with a little bit bullish bias but as long as stays below 119.35 my overall intraday bias remains strongly to the downside and I still prefer to sell on rallies. Immediate support is seen around 118.00. A clear break and daily close below that area would keep the bearish scenario remains strong, still testing 117.00 – 116.82 support area.

AUDUSD Forecast

The AUDUSD didn’t make significant movement yesterday but overall still maintain its bullish intraday bias. The bias is neutral in nearest term. My overall intraday bias remains to the upside but need a convincing breakout above the ascending triangle to confirm further bullish scenario testing 1.0500 – 1.0600. Immediate support remains around 1.0350. A clear break below that area could trigger further bearish pullback testing 1.0300 but only a clear break and daily close back below 1.0200 would be a threat to the current bullish outlook. EMA 200 indicator is moving below price on hourly to monthly chart suggest a bullish outlook.

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