EURJPY Forecast

The EURJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but overall I remain bullish on this pair with nearest bullish target remains around 111.58. Immediate support remains around 110.30 followed by 109.50. I don’t expect any movement below 109.50 at this phase as it would postpone the bullish scenario but as long as moves above the trend line support (red) I still prefer a bullish scenario.

GBPJPY  Forecast

The GBPJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but overall I remain bullish on this pair with potential medium term target seen around 135.10 especially if price able to make another break above 133.50 and only a clear break back below 130.00 could postpone the bullish scenario. Immediate support is seen around 132.00. A clear break below that area could trigger further bearish pullback testing 131.50 but any downside pullback now is normal and should be seen as a corrective movement.

AUDUSD Forecast

The AUDUSD regained its bearish momentum yesterday, bottomed at 1.0439 and hit 1.0427 earlier today. The bias is bearish in nearest term especially if price able to make another break below 1.0420 retesting 1.0335 support area. Immediate resistance is seen around 1.0500. A clear break back above that area could lead price to neutral zone in nearest term but as long as stays below 1.0600 I still prefer a bearish scenario at this phase.

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