EURJPY Forecast

The EURJPY was volatile but indecisive yesterday but overall still able to maintain its bullish correction bias and hit 98.52 earlier today. The bias is bullish in nearest term testing 99.23. Immediate support is seen around 97.70. A clear break below that area could lead price to neutral zone in nearest term but would need a clear break and daily close at least back below 97.00 to end the current bullish correction phase.

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GBPJPY Forecast

The GBPJPY was indecisive yesterday but overall still able to maintain its bullish correction bias and hit 121.72 earlier today. The bias is bullish in nearest term testing 122.00/45 area. However, the current short term bullish bias should be short lived and the major scenario remains bearish. Only a clear break at least above 123.25 will interrupt the major bearish trend. Immediate support is seen around 120.60. A clear break below that area could lead price to neutral zone in nearest term and we need a clear break and daily close at least below 119.50 to end the current bullish correction phase.

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AUDUSD Forecast

The AUDUSD was indecisive yesterday, but had some bullish momentum earlier today hit 0.9860. The bias is bullish in nearest term but as long as stays below 0.9910 I still prefer to sell on rallies. Immediate support is seen around 0.9800. A clear break below that area could lead price to neutral zone in nearest term testing 0.9750 – 0.9700.

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