EURJPY Forecast

The EURJPY was indecisive yesterday. The bias remains neutral in nearest term. On daily chart below we have a falling wedge formation, which is a bullish reversal pattern especially if price break above the formation targeting at least 111.20/70 region. Immediate support at 109.00 followed by 107.31.

GBPJPY Forecast

The GBPJPY attempted to push lower earlier today in Asian session, but found a good support at the lower line of the triangle, as you can see on my daily chart below. The bias remains neutral in nearest term. We need a break below the triangle to continue the bearish scenario at least testing 131.00 – 130.50 area. On the upside, initial resistance remains around 134.80. Break above that area and violation to the upside of the triangle could trigger further bullish pressure testing 134.40 even 138.00 area.

AUDUSD Forecast

The AUDUSD attempted to push lower earlier today in Asian session, testing 0.8316 support area, as you can see on my daily chart below. The bias remains neutral in nearest term and we need a clear break below 0.8316 to continue the bearish pressure testing 0.8200 area before testing 0.8070. On the upside, initial resistance remains at 0.8550. Break above that area could trigger further bullish momentum re-testing 0.8858 in longer term view.

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