The EURJPY was corrected lower yesterday but so far still move inside the bullish channel indicating the upside correction scenario remains intact especially if price break above the minor bearish channel (red) testing 113.50 area. Immediate support at 111.50. Consistent move below that area could trigger further bearish pressure testing 110.85 and the lower line of the bullish channel.
The GBPJPY still move inside range area of 136.30 – 130.50 as you can see on h4 chart below. The bias remains unclear in nearest term as price is still in consolidation phase but the major trend remains bearish. Immediate support at 133.00. Consistent move below that area could trigger further bearish pressure towards 131.80 before testing 130.50. Initial resistance at 134.00 region. Consistent move above that area could trigger further upside pressure towards 135.20 before testing 136.30.
The AUDUSD made another indecisive movement yesterday with no significant technical momentum. The bias remains neutral but overall we are still in bullish phase with 0.8858 as nearest upside target. Immediate support at 0.8725. Consistent move below that area could trigger further bearish pressure testing 0.8680/50 region before testing 0.8550.
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