The EURJPY regained its bullish momentum last week and now testing 110.00 area. The bias remains bullish in nearest term especially if price able to make a clear break above 110.00 testing 111.58. Immediate support is seen around 109.60. A clear break below that area could lead price to neutral zone in nearest term testing 109.00 – 108.50 but as long as stays above the trend line support (red) I still prefer a bullish scenario at this phase.
The GBPJPY regained its bullish momentum last week topped at 132.41 and closed at 132.14. The bias remains bullish in nearest term testing 133.15 before testing 135.10 this week. Immediate support is seen around 131.70. A clear break below that area could lead price to neutral zone in nearest term testing 131.00 but any downside pullback now is normal and as long as stays above 130.00 I still prefer to buy on dips at this phase.
The AUDUSD attempted to push lower last week but unable to break below 1.0400 support area and closed higher at 1.0588 on Friday and slipped above 1.0600 earlier today. The bias is bullish in nearest term especially if price able to stay consistently above 1.0600 testing 1.0700. I still prefer a bearish scenario at this phase but would need a clear break at least below 1.0550 to keep the bearish scenario since fell from 1.0854 three weeks ago intact, retesting 1.0400 area.
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