EURJPY Forecast

The EURJPY attempted to push higher on Friday, topped at 125.19 but closed lower at 124.47. The bullish scenario after touched the double bottom around 119.70 area remains intact but we need a consistent move above 125.15 resistance area to continue further bullish momentum targeting 126.90 area. The bias is neutral in nearest term. Immediate support at 124.00. Break below that area could trigger further bearish momentum targeting 123.00.

GBPJPY Forecast

The GBPJPY had a moderate bullish momentum on Friday. On h4 chart below we can see that price is moving inside a bullish channel after bottomed at 132.00/50 area indicating bullish correction phase but still in the context of a major bearish scenario.  The bias is neutral in nearest term but bullish correction scenario at least targeting 138.30 area remains intact. Break above that area should trigger further bullish momentum targeting 141.40 area. Immediate support at 137.00 followed by 136.10.

AUDUSD Forecast

The AUDUSD made another indecisive movement on Friday, made another Doji on daily chart. On h1 chart below we have a double top formation after bullish rally from 0.8982 area indicating potential downside reversal scenario as bullish momentum wanes. The bias is bearish in nearest term targeting 0.9040 area but the major bullish scenario remains intact so I still prefer a bullish scenario with buy on dips strategy. Initial resistance at 0.9138 (double top). Break above that area should trigger further bullish momentum targeting 0.9250 and 0.9326 region.