EURJPY Forecast

The EURJPY was indecisive yesterday. On h1 chart below we can see that price trapped in range area of 118.70 – 116.60. The bias in neutral in nearest term. We need a break on either side to see clearer direction. Breakout above 118.70 could trigger further bullish momentum testing 121.35 while breakdown below 116.60 could trigger further bearish momentum testing 114.50.

GBPJPY Forecast

The GBPJPY made another indecisive movement yesterday. The bias is neutral in nearest term and I think we are in no trading zone for now. On daily chart below we can see that price still move below the trendline indicating medium bearish view remains intact but need a clear break below 135.70 to continue the bearish scenario re-testing 129.89 area. Expected range at 140.50 – 135.70.

AUDUSD Forecast

The AUDUSD didn’t make significant movement yesterday. The bias is neutral in nearest term but as you can see on h1 chart below price is now testing the trendline resistance. Breakout above the trendline could trigger further bullish momentum testing 0.9075 area. Immediate support at 0.8928 (current low) followed by 0.8880.

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