EURJPY Forecast

The EURJPY was corrected higher yesterday, topped at 101.75 and closed at 101.73. The bias is bullish in nearest term but as long as stays below 102.00 my overall intraday bias remains to the downside and I still prefer to sell on rallies. On the downside, we need a clear break and daily close at least below 100.90 to end the current bullish correction phase and continue the major bearish scenario. On the upside, a clear break and daily close above 102.00 would activate my wait and see mode with a bullish intraday view.

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GBPJPY  Forecast

The GBPJPY was corrected higher yesterday, topped at 125.80 and closed at 125.68. The bias is bullish in nearest term but note that the current short term bullish momentum should be seen as a corrective movement and as long as stays below 127.00 I still prefer to sell on rallies. Immediate support is seen around 125.00. A clear break below that area could lead price to neutral zone in nearest term but would keep the major bearish scenario remains strong retesting 124.62 before testing 123.25.

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AUDUSD Forecast

The AUDUSD was corrected higher yesterday, topped at 0.9917 and closed at 0.9913. The bias is bullish in nearest term testing 1.0020/43 but note that the current short term bullish momentum should be seen as a corrective movement and overall I still prefer to sell on rallies. Immediate support is seen around 0.9850. A clear break below that area could lead price to neutral zone in nearest term but we need a clear break and daily close below 0.9794 to continue the major bearish scenario testing 0.9662 or lower.

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