EURJPY Forecast

The EURJPY attempted to push lower yesterday, bottomed at 107.49 but whipsawed to the upside, topped at 109.80. This fact changes my nearest bias to bullish, but the medium bias is neutral now. On h4 chart below we can see price is now testing the minor trendline resistance. A break above that trendline could trigger further bullish momentum testing 111.35 area. Immediate support at 109.50 area (current low). Break below that area should keep the medium term bearish bias intact re-testing 108.07 region.

GBPJPY Forecast

The GBPJPY attempted to push lower yesterday, bottomed at 131.28 but whipsawed to the upside, topped at 133.06. On daily chart below we can see that price is moving inside triangle formation indicating consolidation phase, but the nearest bias is bullish testing 134.80 region. CCI just cross the -100 line up support the nearest term bullish bias. Immediate support at 132.00 area and the lower line of the triangle. Break below that area should continue the major bearish scenario at least testing 129.00 area.

AUDUSD Forecast

The AUDUSD attempted to push lower yesterday, bottomed at 0.8316 but whipsawed to the upside, topped at 0.8447, closed at 0.8429 and keep moving higher around 0.8471 at the time I wrote this comment. The bias is bullish in nearest term after price made a false breakdown below 0.8360 testing 0.8550 region. Break above 0.8550 could trigger further bullish momentum testing 0.8650 and keep the medium term bullish bias intact after made a triple bottom formation at 0.8070 area.

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