The EURJPY was indecisive yesterday. There are no changes in my technical outlook. I still prefer a bearish intraday scenario at this phase but need a clear break below 103.39 minor support (Wednesday and Thursday low) to continue the bearish pressure testing 102.20 – 100.74 area. On the upside, immediate resistance remains around 104.20/40. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 104.95 I still prefer to short on rallies.
The GBPJPY was indecisive yesterday. There are no changes in my technical outlook. My intraday bias remains to the downside. I have conflicting multi time frames bias now. My double bottom long term bullish reversal scenario remains intact, my medium outlook is neutral but my short term bias remains bearish as long as price stays below 122.62, still testing 120.50. A clear break and daily close below that area could trigger further bearish pressure testing 119.00 even the double bottom around 116.90 area.
The AUDUSD continued its bearish bias yesterday, bottomed at 0.9972 and closed at 0.9981. The bias remains bearish in nearest term, still targeting 0.9925. A clear break and daily close below that area could trigger further bearish scenario testing 0.9800. Immediate resistance is seen around 1.0050. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.0200 I still prefer a bearish scenario at this phase with short on rallies strategy.
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