EURJPY Forecast

The EURJPY had a bearish momentum yesterday but corrected a little bit higher earlier today in Asian session hit 107.26 after found a support around 106.50 as you can see on my daily chart below. Price now slipped back below the major trend line resistance, suggests a potential bullish failure which could trigger further bearish pressure especially if price able to make a clear break below 106.50 testing 104.95 area. Immediate resistance is seen around 108.00/15 area. A clear break back above that area could trigger further bullish scenario testing 109.23/90 area and keep the major bullish reversal scenario intact.

GBPJPY  Forecast

The GBPJPY was corrected lower yesterday. The bias is neutral in nearest term but still within a context of a double bottom bullish reversal scenario. Immediate support is seen around 124.00. A clear break and daily close below that area could trigger further bearish pullback testing 122.62, which could be a threat to the bullish reversal scenario. Immediate resistance is seen around 125.50. A clear break and daily close above that area could stop the current bearish correction phase, still testing 128.00 – 130.82 area.

AUDUSD Forecast

The AUDUSD continued its bearish momentum yesterday, bottomed at 1.0269 and closed at 1.0302 but corrected a little bit higher earlier today in Asian session hit 1.0363. The bias remains bearish in nearest term retesting 1.0269 and the minor trend line support (blue) as you can see on my h4 chart below. A clear break and daily close below the trend line support could create further bearish scenario testing 1.0110 area. Immediate resistance is seen around 1.0400. A clear break and daily close back above that area could lead price to neutral zone in nearest term as direction would become unclear.

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