EURJPY Forecast

The EURJPY attempted to push lower yesterday, but found a good support around 109.45 and closed higher at 111.14 in a volatile market. The bias is neutral in nearest term but as long as price stays below 113.40 my overall bias remains to the downside. Immediate resistance is seen around 112.00. A clear break above that area could trigger further bullish pullback testing 113.00/40 resistance area. We have a double bottom formation around 109.50 region on hourly chart so I think we need a clear break below 109.50/45 to continue the bearish scenario testing 106.57.

GBPJPY  Forecast

The GBPJPY attempted to push lower yesterday, broke below 125.95, bottomed at 124.85 but closed higher at 126.52 in a volatile market. The bias is neutral in nearest term but as long as price stays below 127.77 my overall intraday bias remains to the downside especially if price able to make another strong move below 125.95 targeting 122.93. Immediate resistance is seen at 126.80 (current high). A clear break above that area could trigger further upside pullback testing 127.77.

AUDUSD Forecast

The AUDUSD attempted to push lower yesterday, bottomed at 1.0524 but closed higher at 1.0615 and testing 1.0650 resistance area earlier today in Asian session. The bias is neutral in nearest term but my double top bearish scenario remains intact unless price makes another movement back above 1.0650 which would activate my wait and see mode. Immediate support is seen at 1.0577. A clear break below that area would change my intraday bias back to bearish retesting 1.0500 region before targeting 1.0388 support area.

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