EURJPY Forecast

The EURJPY made indecisive movement on Friday by opened and closed at almost the same price. On h4 chart below we can see that the minor bullish channel has been violated to the upside indicating potential downside pressure testing the trendline support. Immediate support is seen at 133.60. Break below that area should trigger further bearish pressure testing 132.50. Initial resistance at 134.60 followed by 135.15.

GBPJPY Forecast

The GBPJPY had a moderate bullish momentum on Friday. On h4 below we can see that the bearish channel has been violated to the upside, the pair topped at 159.60 but closed lower at 158.66. I think we are in no trading zone now. On the upside, trendline resistance on h4 chart should be an important resistance at this phase. Violation to the upside should trigger further bullish momentum testing 162.57 area. Immediate support is seen at 157.80 followed by 156.75. CCI about to cross the -100 line down on h1 chart suggesting potential downside pressure.

AUDUSD Forecast

The AUDUSD had a moderate bullish momentum on Friday. The pair slipped to the upside, hit the top at 0.8117 but failed to maintain the bullish momentum and closed lower at 0.8054. On h4 chart below we have triangle formation after bullish momentum indicating consolidation phase. The bias is neutral in nearest term. Immediate support is seen at  0.7950. Break below that area should trigger further bearish momentum back towards 0.7850. Initial resistance at 0.8117. Break above that area should trigger further bullish scenario towards 0.8235.  CCI in neutral area on daily chart.