The EURJPY attempted to push lower yesterday but found a good support around 113.40 and closed higher at 114.43. The bias is neutral in nearest term. My overall intraday bias remains to the downside but need a clear break below 113.40 to continue the bearish scenario. Immediate resistance at 115.00/50. A clear break above that area could be a threat to my bearish intraday outlook. I will stand aside for now but expect a clear break below 113.40 to reactivate my bearish mode.
The GBPJPY continued its bearish momentum yesterday and now struggling around 130.20 key support area as you can see on my daily chart below. A consistent move below 130.20 could trigger further bearish scenario at least testing 129.00 – 128.00. Immediate resistance at 130.70. A clear break above that area would lead us to neutral zone in nearest term testing 131.20. CCI in neutral area on hourly chart suggests potential bearish exhaustion and some minor upside pullback.
The AUDUSD slipped below 1.0500 yesterday but further bearish pressure was rejected and closed higher at 1.0563. The bias is neutral in nearest term. I prefer a bearish scenario at this phase as the bearish scenario since the fall from all time high 1.1010 remains intact but need a clear break below 1.0500 to continue the bearish scenario testing 1.0388 even 1.0200. On the upside, immediate resistance at 1.0600. A clear break above that area could trigger further upside pullback and would reopen the door for another retest of 1.0700/70.
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