EURJPY Forecast

The EURJPY had a bullish momentum yesterday, topped at 110.91 and closed at 110.88. The bias is bullish in nearest term testing 111.58. Immediate support is seen around 110.30. A clear break below that area could lead price to neutral zone in nearest term testing 109.50 but overall as long as stays above the trend line support (red) I remain bullish on this pair.

GBPJPY  Forecast

The GBPJPY regained its bullish momentum yesterday, topped at 132.50 and closed at 132.47. The bias is bullish in nearest term testing 133.50 area. Immediate support is seen around 132.00. A clear break below that area could lead price to neutral zone in nearest term testing 131.50 but any downside pullback now is normal and overall I still prefer a bullish scenario at this phase with potential medium term target seen around 135.10 and only a clear break back below 130.00 could postpone the bullish scenario.

AUDUSD Forecast

The AUDUSD attempted to push lower yesterday, bottomed at 1.0425 but whipsawed to the upside on broad US Dollar weakness, closed higher at 1.0526. The bias is bullish 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 lead price to neutral zone in nearest term retesting 1.0425/00 support area.

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