EURJPY Forecast

The EURJPY was indecisive yesterday made a Doji on daily chart. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase as long as price stays above the trend line support (red). Immediate support is seen around 109.00. Another clear break below that area could trigger further bearish attempt testing 108.50 – 108.00. Immediate resistance is seen around 109.50. A clear break above that area could trigger further bullish pressure testing 110.00 and reopen the door for further bullish scenario testing 111.58.

GBPJPY  Forecast

The GBPJPY was volatile but indecisive yesterday made a Doji on daily chart. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase. Immediate support is seen around 130.89 (current low). A clear break below that area could trigger further bearish pressure testing 130.00 – 129.50 support area. Immediate resistance is seen around 131.50. A clear break above that area could trigger further bullish pressure testing 132.27/50 region.

AUDUSD Forecast

The AUDUSD failed to continue its bearish momentum yesterday, topped at 1.0553 and closed at 1.0516. The bias is neutral in nearest term but as long as stays below 1.0600 I still prefer a bearish scenario at this phase. Immediate support is seen around 1.0500. A clear break below that area could trigger further bearish pressure retesting 1.0400 support area.

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