EURJPY Forecast

The EURJPY was technically a mess yesterday. I think I will stand aside for now as nearest term direction is unclear. On daily chart below we can see that in longer term view price is consolidating in range area of 108.07 – 113.50 after a significant bearish momentum. We need a break on either side to see clearer direction. Immediate resistance at 112.72. Consistent move above that area could rigger further upside pressure testing 113.50. Initial support at 111.00.

GBPJPY Forecast

The GBPJPY was attempted to push lower yesterday, bottomed at 130.83 but closed higher at 132.64 in a volatile market. The bias is neutral both in nearest and medium term and I will keep out from this pair for now. Immediate resistance at 133.40/60 and the minor trendline resistance (white). Break above that area could trigger further upside momentum testing 134.00/67. Initial support at 132.00 followed by 131.25.

AUDUSD Forecast

The AUDUSD had a significant bullish momentum yesterday, break above 0.8858, topped at 0.8951 and closed at 0.8936. The ascending triangle has been violated to the upside, confirms the bullish continuation targeting 0.9076 in nearest term. Immediate support at 0.8858. Consistent move below that area could lead us into neutral zone in nearest term as direction would become unclear.

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