EURJPY Forecast

The EURJPY attempted to push lower yesterday, bottomed at 111.83 but closed higher at 113.13. This fact should keep the current bullish view intact with nearest upside target remains at 113.50.  Break above that level could trigger further upside momentum testing 115.50. Immediate support at 112.00. Break below that area and violation to the bullish channel could be a serious threat to the upside scenario testing 110.60/80 area.

GBPJPY  Forecast

The GBPJPY was volatile but indecisive yesterday. The bias is neutral in nearest term but as long as price move inside the minor bullish channel, the pressure still more to the upside. I think I will stand aside for now as direction is unclear. Immediate support at 133.80. On the upside, 136.30 region remains potential bullish target especially if price able to break above 135.53 area (yesterday’s high).

AUDUSD Forecast

The AUDUSD made another downside attempt yesterday, bottomed at 0.8727 but closed higher at 0.8840. On h4 chart below we have potential ascending triangle scenario indicating bullish view especially if price able to move consistently above 0.8858 area targeting 0.8970 but watch out for potential downside correction inside circled area.  The bias is neutral in nearest term. Immediate support at 0.8740 followed by 0.8660.

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