EURJPY Forecast

The EURJPY had a bullish momentum yesterday, topped at 109.36 and hit 109.62 earlier today. The bias remains bullish in nearest term testing 109.73 – 110.00. A clear break and daily close above that area could continue the bullish scenario testing 111.58. Immediate support is seen around 109.00. A clear break below that area could lead price to neutral zone in nearest term testing 108.00 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 131.45  and hit 131.69 earlier today. The bias remains bullish in nearest term testing 132.30. Immediate support is seen around 131.00. A clear break below that area could lead price to neutral zone in nearest term testing 130.00 but any downside pullback now is normal and overall I still prefer a bullish scenario at this phase with buy on dips strategy.

AUDUSD Forecast

The AUDUSD had a bearish momentum yesterday, bottomed at 1.0427 and hit 1.0422 earlier today. The bias is bearish in nearest term still testing 1.0400. A clear break and daily close below that area could trigger further bearish reversal scenario testing 1.0300. Immediate resistance is seen around 1.0500. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.0600 I still prefer a bearish scenario at this phase.

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