EURJPY Forecast

The EURJPY attempted to push lower yesterday, bottomed at 109.16 but closed higher at 110.29. This fact keeps the bullish scenario remains strong testing 111.58. Immediate support is seen around 110.00. A clear break below that area could lead price to neutral zone in nearest term testing 109.16/00 but any downside pullback now is normal and overall I still prefer a bullish scenario at this phase.

GBPJPY  Forecast

The GBPJPY attempted to push lower yesterday, bottomed at 131.43 but closed higher at 132.43. This fact keeps the bullish scenario remains strong testing 133.15 before testing 135.10 this week. Immediate support is seen around 132.20. A clear break below that area could lead price to neutral zone in nearest term testing 131.43 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.

AUDUSD Forecast

The AUDUSD was indecisive yesterday. Price is now struggling around 1.0600 without clear direction and momentum. The bias is neutral in nearest term. Immediate support is seen around 1.0550. A clear break below that area could trigger further bearish pressure testing 1.0500 and reopen the door for another retest of 1.0400 support area. On the upside, a clear break and daily close above 1.0600 could trigger further bullish scenario testing 1.0700 and postpone the bearish reversal scenario.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.