EURJPY Forecast

The EURJPY continued its bearish momentum yesterday, bottomed at 99.52 and closed at 99.78. The bias remains bearish in nearest term testing 99.23. A clear break and daily close below that area could trigger further bearish pressure testing 98.00 – 97.00 area. Immediate resistance is seen around 100.20. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 101.00 my overall intraday bias remains to the downside and only a clear break back above 102.00 could stop the current bearish outlook.

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GBPJPY  Forecast

The GBPJPY regained its bearish momentum yesterday, bottomed at 124.29 and closed at 124.55. The bias is bearish in nearest term testing 123.25 as a part of the bearish scenario after broke below the triangle. Immediate resistance is seen around 125.10. A clear break above that area could lead price to neutral zone in nearest term testing 125.80 but as long as stays below 127.00 I still prefer to sell on rallies.

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AUDUSD Forecast

The AUDUSD continued its bearish momentum yesterday, bottomed at 0.9688 but closed a little bit higher at 0.9726 and hit 0.9765 earlier today. The bias remains bearish in nearest term still testing 0.9662 area. Immediate resistance is seen around 0.9800. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 0.9910 my overall intraday bias remains to the downside and I still prefer to sell on rallies.

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