The EURJPY had a bearish momentum yesterday, but found a good support at the lower line of the triangle as you can see on my h4 chart below. Note that we need a clear break below the triangle to end the bullish correction phase targeting 108.07 region. Immediate resistance at 110.80/90 region which is the top level since Friday. Break above that area could trigger further upside pressure testing 111.70 before testing the upper line of the triangle.
The GBPJPY had a limited bullish movement yesterday, but overall still able to maintain its bullish bias after bounced from the lower line of the bullish channel on Friday. The bias remains bullish in nearest term testing 136.20 region. Break above that area could trigger further upside scenario testing 138.00 region. On the downside, immediate support at 134.17 (yesterday’s low) followed by 133.50/60 and the lower line of the bullish channel.
The AUDUSD didn’t make significant movement yesterday. The bias is neutral in nearest term but overall we are still within a bullish view testing 0.8950 area especially if price able to move above 0.8850/60 region. Immediate support at 1.8650/00 region. Break below that area could trigger further bearish pressure testing 0.8550 but as long as price stay above the 0.8550 the main scenario remains to the upside.
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