The EURJPY had a moderate bullish momentum yesterday and overall still able to maintain its bullish intraday bias. The bias remains bullish in nearest term testing 111.58. Immediate support is seen around 110.50. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback now is normal and as long as stays above the trend line support (red) I still prefer a bullish scenario at this phase.
The GBPJPY didn’t make significant movement yesterday but overall still able to maintain its bullish bias. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 133.15 before testing 135.10 this week. Immediate support remains 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.
The AUDUSD had a bearish momentum yesterday, bottomed at 1.0456 and closed at 1.0483 but corrected higher earlier today hit 1.0522. The bias is neutral in nearest term. Price has been moving sideways between 1.0600 – 1.0400 since last week and need a clear break from the range area to see clearer direction. Aggressive intraday traders can buy around 1.0400 or sell around 1.0600 with tight stop loss, taking advantage of the current sideways condition. I prefer a bearish scenario at this phase but would need a clear break below 1.0400 to confirm the bearish reversal scenario.
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