EURJPY Forecast

The EURJPY had a bearish momentum on Friday, bottomed at 113.57 and closed at 114.29. This fact should trigger further bearish pressure testing 110.66 region especially if price able to move consistently below 113.60 area. Immediate resistance at 115.00. Break above that area could trigger further upside correction and activate my wait and see mode but overall I still prefer a bearish scenario with short on rallies strategy at this phase.

GBPJPY Forecast

The GBPJPY made a bearish movement on Friday. On daily chart below we can see that price is now testing 133.12 support area. Consistent move below that area should trigger further bearish pressure targeting 129.89. Immediate resistance at 134.34 (current high). Break above that area activates my wait and see mode but overall I still prefer a bearish scenario at this phase with short on rallies strategy.

AUDUSD Forecast

The AUDUSD made a significant bearish momentum on Friday. On h4 chart below we can see price is now moving below 0.8880 region after a false breakout from the trendline resistance indicating potential further bearish scenario targeting 0.8800 and 0.8700 area. Another movement back above 0.8880 will activate my wait and see mode but I still prefer a bearish scenario at this phase with short on rallies strategy.

Related Posts:

  • GBPUSD Daily Forecast: May 17
  • Daily Forecast for Crosses: January 25
  • Daily Forecast for Crosses: February 05
  • Daily Forecast for Crosses: February 15
  • Daily Forecast for Crosses: February 08
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