EURJPY Forecast

The EURJPY had a bearish momentum yesterday, bottomed at 98.70 and closed at 98.95. The bias is bearish in nearest term testing 98.00 or lower. Immediate resistance is seen around 100.00. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear but as long as stays below 101.00 – 102.20 I still prefer to sell on rallies.

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GBPJPY Forecast

The GBPJPY had a moderate bearish momentum yesterday, bottomed at 122.54 and closed at 122.77. The bias is neutral in nearest term but as long as stays below 125.50 I still prefer to sell on rallies as a part of the bearish scenario after broke below the triangle. Immediate resistance is seen around 124.05. A clear break above that area could trigger further bullish scenario testing 125.50. Immediate support, which is also the nearest bearish target is seen around 122.00.

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AUDUSD Forecast

The AUDUSD had a bearish momentum yesterday, bottomed at 0.9849 and closed at 0.9874. The bias is bearish in nearest term testing 0.9820/00 support area. Immediate resistance is seen around 0.9940. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear retesting 1.0000/50 resistance area. On the downside, a clear break and daily close below 0.9800 could continue the major bearish scenario retesting 0.9662 or lower.

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