The EURJPY attempted to push higher yesterday, slipped above the trendline resistance (red) but now struggling around that trendline resistance indicating limited bullish so far, but the bullish correction scenario remains intact as long as price move above the trendline support (white). We need a consistent move above the trendline resistance to continue the bullish correction testing 113.36 and 114.15. Immediate support at 110.60 region. Break below that area and the trendline support could end this upside correction testing 109.00 – 108.00 region.
The GBPJPY attempted to push higher yesterday, topped at 135.87 but closed a little bit lower at 135.01. On h4 chart below we can see that price is now struggling around the minor trendline resistance indicating critical technical point at this phase. We need a consistent move above the minor trendline resistance to continue the bullish correction at least testing 136.24 area before targeting 138.15. Another pullback below that trendline resistance could wane the bullish momentum testing 133.20 region but as long as price move inside the bullish channel the bullish correction scenario remains intact.
The AUDUSD attempted to push higher yesterday, topped at 0.8665 but closed lower at 0.8586. On 4 chart below we can see that the trendline resistance (white) did a good job preventing further upside pressure so far. Another pullback below 0.8550 and the trendline support (red) could wane the bullish momentum testing 0.8425 region. On the other hand, a clear break above the trendline resistance could continue the bullish scenario testing 0.8745 region.
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