EURJPY Forecast

The EURJPY was indecisive on Friday, but push to the upside earlier today in Asian session testing the trendline resistance as you can see on my h4 chart below. We are still in upside correction phase especially if price break above the trendline resistance testing 113.36 region. On the downside, support is seen around 110.60 region. Break below that area could be a serious threat to the upside correction scenario testing 108.00 region.

GBPJPY Forecast

The GBPJPY attempted to push higher on Friday, topped at 135.13 but whipsawed to the downside and closed lower at 133.16. The bias is neutral in nearest term but we are still in upside correction phase especially if price break above the minor trendline resistance (white) testing 136.24 region. Immediate support at 133.20. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel but note that as long as the bullish channel hold, the upside correction scenario remains intact.

AUDUSD Forecast

The AUDUSD was indecisive on Friday, but continue to push higher earlier today in Asian session, slipped above 0.8550 area. Consistent move above that level could trigger further upside momentum testing 0.8650 region and the trendline resistance area. On the other hand, a failure to consistently move above 0.8550 could wane the upside momentum testing 0.8425 region. Break below that area could trigger further downside pullback testing 0.8275 area.

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