EURJPY Forecast

The EURJPY attempted to push lower, slipped below my trendline support, bottomed at 133.35 but whipsawed to the upside and closed higher at 134.95. Another technical mess :) Although this fact indicating potential upside scenario with 136.08 as potential target, I still prefer to stand aside for now until all these noises from important economic data is over. I hope we already have clearer direction next week. Immediate support at 134.45 and the trendline support area.

GBPJPY Forecast

The GBPJPY attempted to push lower yesterday, bottomed at 148.52 but whipsawed to the upside and closed much higher at 150.42, formed a Doji on daily chart indicating indecisive market. In nearest term, I think the bias is more to the upside, but as you can see in my daily chart below, price still struggling around my trendline resistance (red, circled). We need a consistent move above the trendline resistance to confirm bullish scenario towards 153.20 area. Immediate support at 150.00 – 149.80 area. Break below that area should trigger further bearish momentum re-testing 148.52 (yesterday’s low) and potentially threat the bullish outlook.

AUDUSD Forecast

The AUDUSD attempted to push lower yesterday, bottomed at 0.9023 but whipsawed to the upside and closed higher at 0.9096, formed a Doji on daily chart indicating indecisive market. On h4 chart below we can see that the pair still able to stay above the trendline indicating bullish scenario still intact with technical target at least around 0.9180 before re-testing 0.9327. Immediate support at 0.9090 and the trendline support area. Break below that area should lead us inot no trading zone as direction would become unclear for me, but I still prefer a bullish scenario.