EURJPY Forecast

The EURJPY continued its bearish momentum yesterday, broke below 104.95 support area, bottomed at 103.97 and hit 103.57 earlier today in Asian session. The bias is bearish in nearest term testing 102.20 even retesting 100.74. Immediate resistance is seen around 104.20. A clear break above that area could lead price to a neutral zone in nearest term but as long as stays below 104.95 I still prefer a bearish intraday scenario at this phase.

GBPJPY  Forecast

The GBPJPY continued its bearish momentum yesterday after made a clear break below 122.62, bottomed at 121.65 and hit 121.42 earlier today in Asian session. The bias remains bearish in nearest term testing 120.50. My double bottom bullish scenario remains valid but obviously under a strong short term bearish pressure. Immediate resistance is seen around 121.85 (current high). A clear break above that area could lead price to a neutral zone in nearest term but as long as stays below 122.62 my overall intraday bias remains bearish at this phase.

AUDUSD Forecast

The AUDUSD continued its bearish momentum yesterday, bottomed at 1.0112 and hit 1.0071 earlier today in Asian session. The bias remains bearish in nearest term testing 1.0000 before targeting 0.9925 area. We might have a minor support around 1.0050 which also needs to be broken to continue the bearish scenario. Immediate resistance is seen around 1.0150. A clear break above that area could lead price to a neutral zone in nearest term but only a clear break and daily close back above 1.0200 would stop the current strong bearish intraday outlook.

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