EURJPY Forecast

The EURJPY had a significant bearish momentum yesterday, broke below the range area as you can see on my h4 chart below and now seems ready to test 104.95 support area. Although this fact does not necessarily eliminate the major bullish reversal scenario, the fact that the range area was broken to the downside and price back below the major trend line support (white) turns my intraday bias to the downside especially if price able to make another clear break below 104.95 testing 103.75. Immediate resistance is seen around 105.80. A clear break above that area would lead price to neutral zone in nearest term but as long as stays below 106.50 I still prefer a bearish intraday scenario at this phase.

GBPJPY  Forecast

The GBPJPY had a significant bearish momentum yesterday, slipped below the range area as you can see on my h4 chart below. Although this fact does not necessarily cancel the double bottom bullish reversal scenario, my intraday bias is now back to a bearish view testing 122.62. Immediate resistance is seen around 124.10/30. A clear break above that area could lead price to neutral zone in nearest term retesting 125.50 but we still need a clear break and daily close above 125.50 to continue the major bullish reversal scenario and reactivate my bullish mode.

AUDUSD Forecast

The AUDUSD had a significant bearish momentum yesterday, broke below 1.0200 and hit 1.0107 earlier today in Asian session. The bias is bearish in nearest term especially if price able to make another clear break below 1.0110 testing 1.0000 as a part of the bearish scenario after failed to test 1.0800. Immediate resistance is seen around 1.0200. A clear break back above that area could lead price to a neutral zone in nearest term but overall I still prefer a bearish scenario at this phase.

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