The EURJPY had a big bearish movement yesterday. On h4 chart below we can see that after break below 131.50 support area, we have a big bearish momentum, bottomed at 127.00 and closed at 128.61. The bias remains bearish in nearest term testing 126.25. Immediate resistance is seen at 128.90 â€“ 129.50 area. Break above that area should lead us into no trading zone.
The GBPJPY had significant bearish momentum yesterday. The pair moved more than 600 pips, bottomed at 146.73 and closed at 148.79. On h4 chart below we can see that after the pair break below important support 153.00, the bearish pressure continue. This fact should lead us to further bearish scenario towards 145. 00 area. Immediate resistance is seen at 149.80. Break above that area should lead us into no trading zone.
The AUDUSD continued it’s bearish momentum yesterday. The pair bottomed at 0.7721 but closed higher at 0.7795. The fact that further bearish momentum was rejected was not a surprise for me since we should have key support level around 0.7710 area. Technically I still prefer bearish scenario for today re-testing 0.7710 area. Break below that area should trigger further bearish scenario in medium term. Immediate resistance is seen at 0.7825. Break above that area should lead to further upside momentum.