The EURJPY attempted to push higher yesterday, topped at 110.58 but closed lower at 109.33. The bias is neutral in nearest term but the main scenario remains bearish. Resistance area at this phase provided by the minor trendline resistance (red). A consistent movement above that trendline could trigger further upside correction testing 113.36 area. On the downside we need a consistent move below 108.07 to continue the major bearish scenario testing 106.00 and 104.00 region.
The GBPJPY made another volatile but indecisive movement yesterday. Price attempted to push higher, slipped above 133.20 but still unable to consistently move above that area indicating limited bullish correction at this phase. However as long as the bullish channel valid, the bullish correction scenario remains intact. Consistent move above 133.20 area could trigger further bullish momentum testing 134.50 and 136.24 region. On the other hand, violation to the bullish channel could end the bullish correction phase targeting 126.75 region.
The AUDUSD attempted to push higher yesterday, topped at 0.8356 but now struggling around 0.8275 as you can see on mt h4 chart below. This fact could be a serious threat to the bearish scenario especially if price able to consistently move above 0.8275 and break above the minor trendline resistance targeting 0.8550 region. On the other hand, another pullback below 0.8275 should keep the bearish scenario intact re-testing 0.8070.
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