The EURJPY continued its bearish momentum yesterday, bottomed at 115.01 and closed at 115.18. The bias remains bearish in nearest term still targeting 114.00. Immediate resistance remains around 116.35. A clear break above that area would lead us to neutral zone in nearest term testing 117.00/50 resistance area.
The GBPJPY had a bearish momentum yesterday, bottomed at 131.21 but traded higher earlier today in Asian session and hit 131.92. The bias is neutral in nearest term. Potential range area between 132.97 – 130.20 but as long as price stays below 132.97 I still prefer a bearish scenario at this phase. A clear break above 132.97 would halt the current strong bearish outlook testing 134.00/25 resistance area. On the downside, a clear break below 130.20 could continue the bearish scenario testing 128.45 support area even lower.
The AUDUSD had a moderate bullish momentum yesterday. There are no significant movement so far and price still struggling around 0.0770. The bias remains neutral in nearest term. Although the bearish pressure seems losing its momentum now, we need a clear break at least above 1.0877 to end the current bearish correction phase and continue the major bullish scenario retesting 1.1010 even aiming for new historical high projection. Immediate support at 1.0700. A clear break below that area would change the intraday bias to bearish retesting 1.0581 key support area.
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