EURJPY Forecast

The EURJPY had a bearish momentum on Friday, closed at 99.43 but gapped up earlier today after projections on Greek election showed pro-bailout politicians won enough seats to control the parliament. The bias is bullish in nearest term testing 101.00 – 102.20 key resistance area. Immediate support is seen around 100.00 – 99.50. The gap could be filled today so any downside pullback is normal but need a clear break at least back below 98.50 to end the current bullish phase. Although intraday bias is bullish, medium term outlook is unclear and long term outlook remains bearish.

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GBPJPY Forecast

The GBPJPY was volatile but indecisive on Friday but gapped up earlier today, opened at 124.22. The bias is bullish in nearest term testing 125.50. The gap could be filled today so any downside pullback now is normal and need a clear break at least back below 122.00 to end the current bullish intraday bias. Immediate support is seen around 123.50 followed by 123.00.

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AUDUSD Forecast

The AUDUSD continued its bullish correction on Friday, closed at 1.0080. Price gapped up earlier today, opened higher at 1.0111. The bias is bullish in nearest term testing 1.0200. Immediate support is seen around 1.0050. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 0.9910 could end the current bullish phase.

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