EURJPY Forecast

The EURJPY had a significant bearish momentum on Friday, bottomed at 109.39 after break below the rising wedge formation and continue to push lower earlier today in Asian session, moving below 108.83 area indicating potential further bearish pressure 106.00 even 104.00 area this week. Another upside pullback above 108.83 could trigger further upside correction and lead us into no trading zone in nearest term but the main scenario remains to the downside.

GBPJPY Forecast

The GBPJPY had a significant bearish momentum on Friday, bottomed at 132.14 and keep moving lower earlier today in Asian session around 131.50 at the time I wrote this comment. The nearest bias is bearish testing the lower line of the bullish channel and 128.89 area but note that as long as price still move inside the bullish channel the bullish correction scenario remains intact. Immediate resistance at 133.20. Break above that area could trigger further bullish pressure.

AUDUSD Forecast

The AUDUSD continued its bearish pressure on Friday after failed to break above 0.8550 area which can be seen as nearest term top at this phase, lead us to potential bearish view testing 0.8070 even 0.8000 region. On the upside, only a movement back above 0.8275 could lead us into no trading zone as my technical study would be a mess and activate my wait and see mode.

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