EURJPY Forecast

The EURJPY was indecisive on Friday, made a Doji on daily chart. The bias is neutral in nearest term with potential range to be watched between 108.00/15 – 106.50. Overall price is still in a bullish phase since bounced from 100.74 but need a clear break and daily close above 108.00/15 to continue the bullish scenario testing 109.23 even higher. On the downside, a clear break and daily close back below 106.50 would postpone the bullish scenario testing 104.95 support area.

GBPJPY  Forecast

The GBPJPY was indecisive on Friday. The bias is neutral in nearest term. My overall technical outlook remains to the upside as a part of the double bottom bullish scenario but need a clear break and daily close above 125.50 to continue the bullish scenario testing 126.79 – 127.28 area. Immediate support remains around 124.00. A clear break and daily close below that area could trigger further bearish pressure testing 122.62 and postpone the double bottom bullish reversal scenario.

AUDUSD Forecast

The AUDUSD was indecisive on Friday. The bias is neutral in nearest term. I still prefer a bearish intraday scenario at this phase, even looking for a bigger bearish move below 1.0110 as a part of the bearish scenario after failed to test 1.0800. However, a clear break and daily close above 1.0400/50 could turn my intraday bias back to a bullish view. Immediate support is seen around 1.0315/00. A clear break and daily close below that area could trigger further bearish pressure testing 1.0200 – 1.0110.

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