The EURJPY had a moderate bearish momentum on Friday, bottomed at 131.78 and closed at 132.03 but we had some upside rebound earlier today in Asian session as the pair traded higher around 132.50 at the time I wrote this comment. The bearish scenario should remains intact and at least we have two trendline resistance (blue and red) that provide good resistance area to keep my bearish scenario intact. The bias is neutral in nearest term and the pair is now testing the blue trendline resistance. Break above that trendline should continue further upside correction testing the red trendline resistance. As long as the red trendline resistance hold, I still prefer a bearish scenario with technical target at least around 131.01 area. Immediate resistance at 132.60/80. Break above that area should trigger further upside momentum towards 133.20 area. Initial support at 131.50. Break below that area should continue bearish momentum testing 131.01 area before aim for 129.00.
As I had expected, the GBPJPY made another bearish momentum on Friday, bottomed at 146.43 and closed at 146.60. We had some upside correction earlier today in Asian session, which is normal after two days of significant bearish momentum. Immediate resistance at 147.30/50 area. Break above that area should trigger further upside correction testing 148.50. As long as the pair stay below 148.50 I still prefer a bearish scenario with technical target around 144.50 area. Immediate support at 145.80/90. Break below that area should trigger further bearish momentum.
The AUDUSD attempted to push lower on Friday, hit my short target at 0.9090, bottomed at 0.9059 but closed higher at 0.9143 and now keep rebounding higher around 0.9176 at the time I wrote this comment. On h4 chart below we have a bearish channel indicating bearish scenario and the pair can not consistently stay above 0.9180 so far. The bias is neutral in nearest term and as long as the bearish channel valid, bearish scenario targeting 0.9030 even 0.8915 should remains intact. Only violation to the bearish channel should be seen as bearish scenario failure re-testing 0.9327 area again. Immediate support at 0.9059 (Friday’s low). Break below that area should trigger further bearish momentum.