EURJPY Forecast

The EURJPY continued its bearish momentum yesterday, bottomed at 97.70 and hit 97.35 earlier today. The bias remains bearish in nearest term testing 97.00. A clear break and daily close below that area could trigger further bearish momentum testing 96.50 or lower. Immediate resistance is seen around 98.00. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 99.23 my overall intraday bias remains strongly to the downside and I still prefer to sell on rallies.

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GBPJPY Forecast

The GBPJPY continued its bearish momentum yesterday, bottomed at 122.23 and hit 121.75 earlier today. The bias remains bearish in nearest term testing 121.00 – 120.40. Immediate resistance is seen around 122.70. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and as long as stays below 123.25 my overall intraday bias remains strongly to the downside and I still prefer to sell on rallies.

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AUDUSD Forecast

The AUDUSD continued its bearish momentum yesterday, bottomed at 0.9696 and hit 0.9672 earlier today. The bias remains bearish in nearest term testing 0.9662. A clear break and daily close below that area could trigger further bearish pressure testing 0.9500 area. Immediate resistance is seen around 0.9750. 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 strongly to the downside.

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