EURJPY Forecast

The EURJPY had a bullish momentum yesterday. On h4 chart below we can see that after failed to break below the trendline support, the pair is now making an inverse H&S formation indicating potential bullish scenario especially when the neckline break to the upside targeting 136.50 area. Immediate support is seen at 133.50. Break below that area should lead us into no trading zone. CCI in neutral area on daily chart.

GBPJPY Forecast

The GBPJPY had another indecisive movement yesterday. It’s been 3 days in a row of indecisive movement since Tuesday. On h4 chart below we can see that the pair still trapped in triangle area. No trading until we have valid triangle breakout/breakdown. Immediate resistance is seen at 158.51 (yesterday’s high). Initial support at 155.80. CCI in neutral area on both h4 and daily chart.

AUDUSD Forecast

The AUDUSD had a moderate bullish momentum yesterday. On h4 chart below we can see that the triangle has been broken to the upside indicating potential bullish scenario but we need convincing movement above 0.8050 to confirm the bullish scenario testing 0.8261 area. Immediate support at 0.8000. Break below that area should lead us into no trading zone. CCI in neutral area on daily chart.