EURJPY Forecast

The EURJPY attempted to push higher yesterday, topped at 109.12 but closed lower at 108.19 and keep moving lower around 107.63 at the time I wrote this comment. The bias is bearish in nearest term targeting 106.75. Immediate resistance remains around 108.07 region. Another pullback above that area could lead us back into neutral zone as direction is unclear in nearest term re-testing 109.12 area but the main scenario remains to the downside at this phase.

GBPJPY Forecast

The GBPJPY continued its bearish momentum yesterday. On h4 chart below we can see price violated the bullish channel indicating the end of the bullish correction and resume its major bearish scenario at least targeting 129.00 area especially if price able to move below 131.00 region before re-testing 126.75 area. Immediate resistance at 132.80 region. Break above that area could lead us into neutral zone in nearest term but the main scenario remains to the downside at this phase.

AUDUSD Forecast

The AUDUSD attempted to push higher yesterday, slipped above 0.8550 but closed lower at 0.8405 and keep moving lower below 0.8360 support area earlier today in Asian session at the time I wrote this comment. The bias remains bearish in nearest term testing 0.8260 region before challenging 0.8070 area in longer term as bullish scenario has failed. Another pullback above 0.8360 could lead us into neutral zone in nearest term but as long as price stay below 0.8550 the bearish bias should remain intact at this phase.

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