EURJPY Forecast

The EURJPY continued its bullish momentum yesterday, topped at 99.85 and closed at 99.70. The bias remains bullish in nearest term testing 101.00. Immediate support is seen around 99.23. A clear break below that area could lead price to neutral zone in nearest term. The major bearish scenario should remain intact and the current bullish momentum should be seen as a corrective movement but need a clear break at least back below 98.00 to end the bullish phase and resume the major bearish scenario.

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GBPJPY Forecast

The GBPJPY continued its bullish correction yesterday, topped at 122.96 and closed at 122.73. The bias remains bullish in nearest term and price is still in a bullish correction phase testing 123.25. The major bearish scenario after broke below the triangle should remain intact but a clear break and daily close above 123.25 will interrupt the major bearish trend testing 125.50 area. Immediate support is seen around 122.00. A clear break below that area could lead price to neutral zone in nearest term but we need a clear break and daily close at least back below 121.00 to end the current bullish correction phase and continue the major bearish scenario.

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AUDUSD Forecast

The AUDUSD continued its bullish correction yesterday broke above 0.9910 and hit 0.9965 earlier today. I still prefer a major bearish scenario at this phase but the current strong bullish momentum above 0.9910 interrupt the bearish trend and keep the nearest term bias in a bullish view testing 1.0000/50 resistance area. Immediate support is seen around 0.9875. A clear break below that area could lead price to neutral zone in nearest term but we need a clear break and daily close at least below 0.9800 to end the current bullish correction bias and continue the bearish scenario.

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