EURJPY Forecast

The EURJPY had a moderate bullish momentum yesterday after failed to make a clear break below 104.95. The bias is neutral in nearest term with potential range between 104.95 – 106.50. A clear break below 104.95 could trigger further bearish pressure testing 103.75. On the other hand, a clear break back above 106.50 could trigger further bullish pressure testing 108.00.

GBPJPY  Forecast

The GBPJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term with potential range between 124.00 – 122.62. My double bottom bullish reversal scenario is still alive and kicking but a clear break below 122.62 could trigger further bearish pullback. On the upside, a clear break and daily close above 124.00 could trigger further bullish pressure testing 125.50 and keep the double bottom bullish scenario strong.

AUDUSD Forecast

The AUDUSD was volatile but indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but as long as price stays below 1.0200 I still prefer a bearish intraday scenario at this phase testing 1.0000 – 0.9925 area. On the upside, a clear break and daily close back above 1.0200 would activate my wait and see mode as direction would become unclear but only a clear break and daily close back above 1.0440 would change my technical bias back to the upside.

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