EURJPY Forecast

The EURJPY continued its bullish bias yesterday, topped at 108.45 and hit 108.64 earlier today. The bias remains bullish in nearest term testing 109.23/73 resistance area. Immediate support is seen around 107.85. A clear break below that area could lead price to neutral zone in nearest term testing 107.00 – 106.50 but as long as stays above the trend line support (red) I still prefer a bullish intraday scenario at this phase.

GBPJPY  Forecast

The GBPJPY continued its bullish momentum yesterday, topped at 129.22 and hit 129.56 earlier today. The bias remains bullish in nearest term testing 130.82. Immediate support is seen around 128.60 followed by 128.00. I do not expect any movement back below 128.00 today as it would postpone the bullish scenario but as long as stays above 125.50 I still prefer a bullish intraday scenario at this phase.

AUDUSD Forecast

The AUDUSD had a bullish momentum yesterday, topped at 1.0668 and closed at 1.0642. The bias is bullish in nearest term especially if price able to make a clear break above 1.0668 testing 1.0700 – 1.0750 area. Immediate support is seen around 1.0600. A clear break and daily close below that area would reactivate my bearish mode and give another chance for the major bearish reversal scenario at least testing 1.0500.

 

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