EURJPY Forecast

The EURJPY had a significant bearish momentum yesterday, bottomed at 128.40 and closed at 128.67. The bias should remains to the downside but as you can see on my daily chart below this pair seems to have a strong support at the trendline support area (red). A move back above 129.00 area should at least give us a signal that rejection to move below the trendline support could trigger some upside correction towards 130.50 area. However once the trendline support is broken, the bearish pressure should continue its momentum targeting 126.89 area.

GBPJPY Forecast

The GBPJPY didn’t make significant movement yesterday, still trapped in the triangle area. Since we still have no significant technical movement, I think we are still in no trading zone and need a break from the triangle to see clearer direction. Breakout from the triangle should trigger further bullish scenario towards 153.22 while a breakdown below the triangle should trigger further bearish pressure towards 145.50 area.

AUDUSD Forecast

The AUDUSD had a bearish momentum yesterday, bottomed at 0.9071 and closed at 0.9099 but corrected higher earlier today in Asian session traded around 0.9129 at the time I wrote this comment. I think the pressure should remains to the downside but we need a consistent move below 0.9090 area to confirm bearish scenario testing 0.9000 area. Immediate resistance at 0.9170. Break above that area should trigger further bullish correction but I still prefer a bearish scenario at this phase.