EURJPY Forecast

The EURJPY continued its bullish momentum yesterday after the break above 100.74 key resistance area, closed at 101.92. This fact not only could continue the nearest term bullish bias testing 102.48 but also could trigger further bullish scenario testing the major trend line resistance (white) and 103.85. Immediate support is seen around 101.00 – 100.74. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.

GBPJPY  Forecast

The GBPJPY continued its bullish bias yesterday after the break above the trend line resistance (red) as you can see on my daily chart below. The bias remains bullish in nearest term testing 122.62 resistance area. My major bearish scenario should remains intact but a clear break and daily close above 122.62 could be a beginning of a major bullish reversal scenario at least testing 125.50 area. Immediate support is seen around 121.00. A clear break below that area could lead price to neutral zone in nearest term but only a clear break and daily close back below 120.00 could stop the current strong bullish phase.

AUDUSD Forecast

The AUDUSD continued its bullish momentum yesterday, topped at 1.0618 and closed at 1.0590. This fact keeps the bullish continuation scenario since the break above the ascending triangle remains strong testing 1.0751 area. Immediate support is seen around 1.0550. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.0400 my overall intraday technical bias remains to the upside.

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