EURJPY Forecast

The EURJPY had a bullish momentum yesterday. The pair breakout from the triangle, topped at 136.08 and closed at 135.59. This fact should set up bullish view for us. The bias is bullish in nearest term targeting 138.90 area. However CCI in overbought area and heading down on h4 chart so watch out for a potential downside rebound testing 134.90. Break below that area should lead us back into no trading zone.

GBPJPY Forecast

The GBPJPY had a bullish momentum yesterday, topped at 157.45 and closed at 156.95. The bias is bullish in nearest term. However, on h4 chart below we seem to have good resistance around 157.59, a double top formation which suggests potential downside rebound testing 156.00 area. Break below that area should be seen as potential threat to the bullish outlook. Break above 157.59 should trigger further bullish momentum targeting 158.50.

AUDUSD Forecast

The AUDUSD had a bullish momentum yesterday, topped at 0.8258 and closed at 0.8229. We are in critical point now and about to see whether this bullish momentum is strong enough to break above 0.8261 area and set up a bullish view for us towards 0.8500 area. Immediate support at 0.8170/50 area. Break below that area should trigger further bearish momentum.