EURJPY Forecast

The EURJPY made indecisive movement yesterday, formed a Doji formation on daily chart. The bias is neutral in nearest term. However, on h1 chart below we have a falling wedge formation indicating potential upside scenario especially if the wedge violated to the upside, targeting 135.70 area. Immediate support is seen at 132.34 (yesterday’s low). Initial resistance at 134.40. Break above that area should trigger further bullish momentum. CCI in neutral area on daily chart.

GBPJPY Forecast

The GBPJPY had a moderate bearish momentum yesterday. The pair bottomed at 155.60 but closed higher at 156.98. The bias remains neutral in nearest term but I still expecting another downside attempt as the pair maintain to stay below trendline resistance and we also have bearish channel on h4 chart. On daily chart we also can see the pair has made lower highs and lows in the last 4 days. Immediate resistance is seen at 158.25. Initial support at 155.60 followed by 154.90. CCI in neutral area on h1 chart.

AUDUSD Forecast

The AUDUSD made another indecisive movement yesterday. I think we still in no trading zone and it’s better to keep out from the market. Immediate resistance is seen at 0.8000. Break above that area could trigger further bullish momentum towards 0.8100 area. Initial support at 0.7850 -0.7825 area. Break below that area should trigger further bearish momentum. CCI in neutral area on daily chart.