EURJPY Forecast

The EURJPY attempted to push lower yesterday after rejected to move above the trendline resistance, bottomed at 121.45 but closed higher at 122.33. The bias is neutral in nearest term but as long as price move below the trendline resistance the main trend should remain bearish. Immediate resistance at 123.00. Break above that area should trigger further bullish momentum re-testing the trendline resistance. Initial support at 121.70/45 area. Break below that area should continue the bearish momentum testing 119.70 region.

GBPJPY Forecast

The GBPJPY attempted to push lower yesterday, bottomed at 133.91 but closed higher at 134.88. The bias is neutral in nearest term but the main trend should remain bearish as long as price stay below the trendline resistance. Immediate resistance at 135.50 followed by 136.10. Break above 136.10 area could be a serious threat to the current bearish outlook. Initial support at 133.90. Break below that area should continue the bearish scenario re-testing 132.00 area.

AUDUSD Forecast

The AUDUSD attempted to push lower yesterday, bottomed at 0.9055 but closed significantly higher at 0.9137 and traded above 0.9140 area at the time I wrote this comment. This fact should trigger further bullish momentum targeting 0.9250 before aim for 0.9326 but we need a consistent move above 0.9140 area to confirm this bullish scenario. If price fail to do so and break below 0.9100, we should have a false breakout scenario which could trigger bearish momentum re-testing 0.9040 area.