The EURJPY had a bearish momentum yesterday, bottomed at 99.10 and closed at 99.52. Price has been moving sideways since June 11 but overall remains in a bullish phase since bounced from 95.57. The bias is neutral in nearest term. Immediate resistance is seen around 100.00. A clear break above that area could trigger further bullish pressure testing 101.00. Immediate support is seen around 99.10 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 98.50, which need to be broken to the downside to end the current bullish correction phase.
The GBPJPY was indecisive yesterday. The bias is neutral in nearest term but as long as stays above 122.00, price is still in a bullish correction phase testing 125.50. Immediate support is seen around 123.25. A clear break below that area could trigger further bearish pressure testing 122.00 region.
The AUDUSD was indecisive yesterday but overall still able to maintain its bullish bias. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.0200. Immediate support remains 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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