The EURJPY made indecisive movement on Friday formed a Doji on daily chart. On h4 chart below we can see that the price is struggling around trendline area. We also have triangle formation indicating consolidation. A breakout from the triangle should trigger further bullish momentum and set up a bullish outlook while a breakdown should be seen as potential bullish failure. Immediate support at 134.30 â€“ 133.80 area. Break below that area should trigger further bearish momentum back towards 131.50. Initial resistance at 135.60. Break above that area should trigger further bullish scenario testing 136.80.
The GBPJPY failed to continue it’s bullish momentum on Friday. Like I said on Saturday, the pair is now in critical technical point. If the pair able to stay above the trendline we should have a bullish outlook. If not, we should pay attention to the trendline support on h4 chart below. A Breakdown below that trendline support should be seen as bullish failure and set up a bearish outlook. Immediate resistance at 156.40. Break above that area should trigger further bullish momentum towards 157.59 area. Initial support at 154.95 followed by 153.90.
The AUDUSD had a moderate bullish momentum on Friday. Surely we are still in no trading zone. On daily chart below we can see that the pair has been consolidating between 0.8261 â€“ 0.7700 area after a bullish run from 0.6283 on March. Only clear break above 0.8261 should be seen at potential bullish continuation. Immediate support at 0.8100 followed by 1.8050.