The EURJPY was indecisive yesterday but overall still able to maintain its bearish bias. There are no changes in my technical outlook. The bias remains bearish in nearest term still testing 102.20 area. Immediate resistance remains 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 was volatile but indecisive yesterday. There are no changes in my technical outlook. The bias is neutral in nearest term but overall price is still in a bearish correction phase since fell from 133.47. Potential daily range is seen between 129.37 – 127.80.
The AUDUSD attempted to push higher yesterday, topped at 1.0142 but whipsawed to the downside and hit 1.0042 earlier today. The bias is bearish in nearest term testing 0.9980 – 0.9910 region. Immediate resistance is seen around 1.0081 (current low). A clear break above that area could lead price to neutral zone in nearest term testing 1.0142 but overall I remain bearish and still prefer to sell on rallies and only a clear break back above 1.0200 could postpone the bearish scenario.
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