EURJPY Forecast

The EURJPY didn’t make significant movement yesterday. The pair attempted to push lower, bottomed at 132.07 but closed higher at 132.93. I still prefer a downside scenario but the pair must be able to make a clear break below 131.50 to confirm the bearish outlook. In nearest term, keep stay out from the market. Immediate support at 132.07 (yesterday’s low) followed by 131.50. Initial resistance at 133.50 followed by 134.50.

GBPJPY Forecast

The GBPJPY made indecisive movement yesterday, formed a Doji on daily chart. From a bigger point of view on daily chart below, we can see that the pair is in critical phase where the price is now testing the major trendline resistance. I still prefer a downside scenario but once the trendline violated to the upside, the pair should begin the bullish outlook. In nearest term, stay out from the market since we have no clear direction yet. Immediate support at 152.30. Initial resistance at 155.20.

AUDUSD Forecast

The AUDUSD made another indecisive movement yesterday. The broadening formation on h4 chart below suggest that the market might be volatile with higher highs and lower lows without clear direction, adding uncertainty. Keep stay out from the market while keep watching these key levels: 0.8050 and 0.8261. Expect a trading range between those area. A Breakout/breakdown from that ranging area should give us clearer direction.