EURJPY Forecast

The EURJPY had another indecisive movement yesterday, made a Doji on daily chart but overall still able to maintain its bullish bias and hit 108.65 earlier today. The bias is bullish in nearest term testing 109.00/73 area before testing 111.58. Immediate support is seen around 108.00. A clear break below that area could lead price to neutral zone in nearest term testing 107.50 but as long as stays above the trend line support (red) I still prefer a bullish scenario at this phase with buy on dips strategy.

GBPJPY  Forecast

The GBPJPY continued its bullish momentum yesterday, topped at 130.37 and hit 130.50 earlier today. The bias is bullish in nearest term testing 130.82. A clear break and daily close above that area could trigger further bullish scenario testing 132.30 this week. Immediate support is seen around 129.70. A clear break below that area could lead price to neutral zone in nearest term testing 129.00 but any downside pullback now is normal overall I still prefer a bullish scenario at this phase with buy on dips strategy.

AUDUSD Forecast

The AUDUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays below 1.0600, I still prefer a bearish scenario at this phase, still testing 1.0400. On the upside, a clear break and daily close back above 1.0600 would reactivate my wait and see mode as direction would become unclear.

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