EURJPY Forecast

The EURJPY attempted to push lower yesterday. On h4 chart below we can see that the trendline support has been violated to the downside, bottomed at 131.74 but price retreat to the upside and closed higher at 133.31. I still prefer downside scenario, but this fact should lead us into no trading zone. Immediate resistance is seen at 134.80. Initial support at 131.74 (yesterday’s low).

GBPJPY Forecast

The GBPJPY attempted to push lower yesterday. On h4 chart below we can see that the support trendline has been violated to the downside, bottomed at 153.05 but further bearish scenario was limited as the pair closed much higher at 155.26. The bias is neutral in nearest term and I think we are in no trading zone but as long as the pair stay below 156.60 I  prefer downside scenario in medium term. Immediate support is seen at 154.20 followed by 153.05 (yesterday’s low).

AUDUSD Forecast

The AUDUSD attempted to push lower yesterday, bottomed at 0.7877 but further bearish scenario was rejected as the pair closed higher at 0.7974. On h4 chart below we can see that this was the case of a false breakout from the triangle. The bias is neutral in nearest term and I think we are in no trading zone now. Immediate support is seen at 0.7850. Initial resistance at 0.8050. In medium term, 0.7710 should be the key level support. CCI in neutral area on daily chart.