EURJPY Forecast

The EURJPY had a moderate bearish momentum yesterday. On daily chart below we can see that the major trendline resistance still doing a good job preventing further bullish attack. I think we are still in no trading zone but I prefer downside scenario especially if the price back below 131.50 area. Immediate support at 132.38 (yesterday’s low). Break below that area should trigger further downside pressure testing 131.50. Initial resistance at 134.80.

GBPJPY Forecast

The GBPJPY had a bearish momentum yesterday. The pair was unable to move above trendline resistance. In fact, as seen on h4 chart below, we have violated rising wedge formation suggesting a bearish view. The bias is bearish in nearest term testing 153.00 and 152.30 area. Immediate resistance is seen at 154.35. Break above that area should take us back into no trading zone. CCI in neutral area both on h4 and daily chart.

AUDUSD Forecast

The AUDUSD made indecisive movement yesterday. On h1 chart below we have a broadening formation indicating a volatile market without clear direction, the kind of market we all should avoid. On the upside we have 0.8261 resistance as key level. Break above that area should trigger further bullish scenario. Immediate support at 0.8100 – 0.8050.