The EURJPY continued its bearish momentum yesterday, bottomed at 102.74 and closed at 103.09. The bias remains bearish in nearest term still testing 102.20 area. Immediate resistance is seen around 103.70. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 104.44 my overall intraday bias remains strongly to the downside and only a clear break back above 105.60 could stop the current bearish outlook.
The GBPJPY attempted to push lower yesterday, bottomed at 127.80 but whipsawed to the upside and closed higher at 128.59. The bias is neutral in nearest term but overall price is still in a bearish correction phase. Immediate support is seen around 128.35. A clear break below that area could trigger another bearish pressure retesting 127.80 or lower. Immediate resistance is seen around 129.05. A clear break above that area could trigger further bullish pressure testing 129.50 region.
The AUDUSD continued its bearish momentum yesterday but bounced to the upside earlier today and hit 1.0118 after unable to move consistently below 1.0043. The bias is neutral in nearest term but as long as stays below 1.0200 I still prefer to sell on rallies and any upside pullback now is normal and should be seen as a corrective movement before continue the bearish scenario testing 0.9910. A clear break above 1.0118 could trigger further bullish pressure testing 1.0200.
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