EURJPY Forecast

The EURJPY continued its bullish correction yesterday, topped at 130.92 and closed at 130.80. The bias remains bullish in nearest term testing 131.50 key level resistance. Clear break above that area should be a serious threat to the H&S bearish scenario. Immediate support is seen at 129.80. CCI just cross the -100 line on daily chart suggesting potential upside pressure.

GBPJPY Forecast

The GBPJPY continued it’s bullish correction yesterday, topped at 152.99 and closed at 152.79. We are now in critical situation where the price is ready to test the key resistance level 153.00. Break above that area should trigger further bullish momentum and could be the end of bearish medium term outlook. Immediate support is seen at 151.60 followed by 150.80.

AUDUSD Forecast

The AUDUSD had a bullish momentum yesterday, topped at 0.7947 and closed at 0.7943. The bias is bullish in nearest term but we seem to have good resistance around 0.7950 area. Clear break above that area should trigger further bullish momentum towards 0.8000 and 0.8050 area. Immediate support at 0.7880.