The EURJPY was indecisive on Friday, made a Doji on daily chart. Price attempted to push lower, bottomed at 100.19 but closed higher at 100.94 and hit 101.40 earlier today. The bias is neutral in nearest term but as long as stays below 102.00 my overall intraday bias remains strongly to the downside. Immediate support is seen around 100.50. A clear break back below that area would keep the bearish outlook remains strong with medium downside target seen around 99.23 – 97.00.
The GBPJPY didn’t make significant movement on Friday but overall still able to maintain its bearish bias. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 123.25. Immediate resistance remains around 125.50/60. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 127.00 I still prefer a bearish scenario at this phase as a part of the bearish scenario after broke below the triangle.
The AUDUSD attempted to push lower on Friday, bottomed at 0.9794 but closed higher at 0.9841 and hit 0.9875 earlier today. The bias is neutral in nearest term but overall technical outlook remains to the downside. Immediate resistance is seen around 0.9910. A clear break and daily close above that area could trigger further bullish correction testing 1.0020/43 area. On the downside, a clear break and daily close below 0.9794 would keep the bearish scenario remains strong testing 0.9662.
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