EURJPY Forecast

The EURJPY was volatile but indecisive yesterday, but hit a fresh three-week high at 101.39. The bias is bullish in nearest term testing 102.20 as a part of the bullish phase since bounced from 95.57. Immediate support is seen around 100.50. A clear break below that area could lead price to neutral zone in nearest term testing 100.00 but only a clear break back below 98.50 could end the current bullish phase.

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GBPJPY Forecast

The GBPJPY was volatile but indecisive yesterday, but hit a fresh three-week high at 125.35. The bias is bullish in nearest term testing 125.50. A clear break and daily close above that area could trigger further bullish scenario testing 126.50 area. Immediate support is seen around 124.50/35. A clear break below that area could lead price to neutral zone in nearest term testing 123.70/50 support area but only a clear break back below 122.00 could end the bullish phase since bounced from 118.76.

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AUDUSD Forecast

The AUDUSD was indecisive yesterday but hit another fresh high at 1.0222. The bias is neutral in nearest term but as long as stays above 1.0130 my overall intraday bias remains more to the upside. Price is in a major critical point now, as the current bullish phase is testing the daily EMA 200 located around 1.0235 area. A clear break above that area could trigger further bullish pressure testing 1.0300 – 1.0400 region. On the downside, key support area remains around 0.9910. A clear break below that area could end the current bullish phase, probably continue the major bearish reversal scenario after hit the record high last year.

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