EURJPY Forecast

The EURJPY had a volatile but indecisive movement yesterday. The bias is neutral in nearest term. However, the fact that  price still able to stay above 123.00 area, opens the door for further bullish scenario targeting 124.00 even re-testing 125.15 double top area. Immediate support at 122.60 area. Break below that area could trigger further bearish momentum testing 121.50 region.

GBPJPY Forecast

The GBPJPY had indecisive movement yesterday, formed a Doji on daily chart. The bias is neutral in nearest term and I think we are in no trading zone. If you notice, I have made some adjustment to the bullish channel. Overall, price is bullish after touched the bottom around 132.50/00 area. As long as price still move inside the bullish channel the bullish correction scenario remains intact testing the major trendline resistance. Immediate support remains at 136.65. Break below that area could trigger further bearish momentum testing 135.50 area. Initial resistance at 138.00 followed by 139.34.

AUDUSD Forecast

The AUDUSD had a volatile but indecisive movement yesterday. The bias is neutral in nearest term and I think we are in no trading zone. However, so far price still able to stay below the trendline support indicating potential downside scenario testing 0.8970 region especially is price able to break below 0.9000. Immediate resistance at 0.9150. Break above that area should trigger further bullish momentum testing 0.9250 region.

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