The EURJPY had a significant bearish momentum yesterday, break below the triangle as you can see on my daily chart below indicating potential bearish view testing 106.75 region. Immediate resistance at 108.50 region. Break above that area could lead us into neutral zone in nearest term testing 109.50 area but the main scenario remains to the downside at this phase.
The GBPJPY had a bearish momentum yesterday, slipped below the bullish channel indicating serious threat to the upside correction scenario especially if price able to move below 132.90 region today targeting 131.00 area. On the upside, another movement back inside the bullish channel could produce a false breakdown scenario which could trigger significant bullish momentum testing 134.50 – 135.12 area and keep the bullish correction scenario intact.
The AUDUSD had a significant bearish momentum yesterday, break below 0.8550 indicating bullish failure. The bias is bearish in nearest term testing 0.8350 region but the medium outlook is neutral. Another movement back above 0.8550 could lead us into neutral zone in nearest term as direction would become unclear testing 0.8650 area.
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