EURJPY Forecast

The EURJPY had a bearish momentum yesterday on broad Japanese Yen strength and now moving below 100.74. This fact postpones the bullish scenario with more bearish bias in nearest term testing 100.00. A clear break and daily close below that area could trigger further bearish pressure testing 99.00 key support area. On the upside, a clear break and daily close back above 100.74 would reactivate my bullish intraday mode still testing 102.48.

GBPJPY  Forecast

The GBPJPY had a bearish momentum yesterday on broad Japanese Yen strength, bottomed at 119.58 and closed at 119.93. Price is still in a bullish phase since bounced from 117.27 and the break above the trend line resistance but still unable to break above 122.62 key resistance area as you can see on my daily chart below. The bias is bearish in nearest term 119.35 but my medium term bias remains neutral with potential range between 122.62 – 119.35. Immediate resistance is seen around 120.30/50. A clear break back above that area could lead price to neutral zone in nearest term testing 121.00/50 region.

AUDUSD Forecast

The AUDUSD attempted to push lower yesterday, bottomed at 1.0525 but closed higher at 1.0585 and hit 1.0644 earlier today. This fact keeps the bullish intraday scenario remain strong still testing 1.0751 area as a part of the bullish scenario after the breakout above the ascending triangle. Immediate support is seen around 1.0570. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.0500, I still prefer a bullish intraday scenario at this phase.

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