EURJPY Forecast

The EURJPY continued its bearish momentum yesterday, bottomed at 96.50 and closed at 97.09. The bias remains bearish in nearest term testing 96.00 or lower. Immediate resistance is seen around 97.35. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 98.00 my overall intraday bias remains strongly to the downside and only a clear break back above 99.23 will interrupt the current strong bearish outlook.

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GBPJPY Forecast

The GBPJPY continued its bearish momentum yesterday, hit a fresh low at 120.13 and closed at 120.91. The bias remains bearish in nearest term as a part of the bearish scenario after fell below the triangle, testing 119.60 or lower. Immediate resistance is seen around 121.00. A clear break above that area could lead price to neutral zone in nearest term testing 121.70 but overall my technical bias remains strongly to the downside and I prefer to sell on rallies.

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AUDUSD Forecast

The AUDUSD was indecisive yesterday, but had some bearish pressures earlier today hit 0.9647. The bias remains bearish in nearest term testing 0.9620 before testing 0.9500. Immediate resistance is seen around 0.9767 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 0.9910 I still prefer a bearish scenario with sell on rallies strategy.

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