EURJPY Forecast

The EURJPY attempted to push higher yesterday, topped at 120.81 but whipsawed to the downside, closed at 119.50 and hit 119.25 earlier today in Asian session. The bias remains bearish in nearest term especially if price able to make another strong break below 119.20 targeting 118.40/00 support area. Immediate resistance at 120.38 followed by 121.00.

GBPJPY  Forecast

The GBPJPY attempted to push higher yesterday, slipped above 134.00 but whipsawed to the downside, closed at 132.87 and now struggling around 132.97 support area as you can see on my h4 chart below. The bias remains bearish in nearest term especially if price able to move consistently below 132.97 targeting 130.20 support area. Immediate resistance remains around 134.00. A clear break above that area would lead us to neutral zone in nearest term but overall I still prefer a bearish scenario at this phase.

AUDUSD Forecast

The AUDUSD continued its bearish momentum yesterday, break below 1.0770 and hit 1.0695 earlier today in Asian session. The bias remains bearish in nearest term targeting 1.0581 support area. On daily below we can see 1.0770 provided an intraday resistance. Another move back above 1.0770 would lead us to neutral zone but as long as price moves below 1.0877 the bearish correction intraday outlook remains intact. It is too early to talk about a bearish reversal scenario, but a clear break below 1.0581 may give us a good reason to think about a bearish reversal, at least in a medium term outlook.

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