The EURJPY had a bullish momentum yesterday but still unable to make a clear break above 113.40 key resistance area so far. The bias remains bullish in nearest term especially if price able to make a clear break above 113.40 testing 114.75 and the trend line resistance (white). Aggressive intraday traders can still short around 113.40 with a tight stop loss. Immediate support is seen around 112.50 and the minor trend line support (red) followed by 111.45.
The GBPJPY had a bullish momentum yesterday, hit 128.15. Overall there are no changes in my daily technical outlook where price is still in a bullish correction phase since the bullish momentum from 124.85, testing the trend line resistance (red) and 129.40 especially if price able to make a clear break above 128.40. Price also has been moving in a sideways mode, so aggressive intraday traders may still short with tight stop loss above 128.40. Immediate support is seen around 127.77 followed by 126.60 region. Price is in a bullish intraday phase, but only a break above the trend line resistance could trigger further bullish scenario and as long as price stays below the trend line, any bullish movement should be seen just as a corrective movement.
The AUDUSD continued its bullish momentum yesterday and had a significant bullish continuation earlier today in Asian session, hit a new historical high at 1.1061. The bias remains bullish in nearest term aiming for a new historical high projection around 1.1100/50. Immediate support is seen around 1.1010 (former historical low). A clear break below that area could lead price to a neutral zone in nearest term but until we have a technical sign of correction/reversal, my overall technical bias remains strongly to the upside.
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