EURJPY Forecast

As I had expected, the EURJPY had a bearish momentum yesterday after a false breakout from my trendline resistance (red), bottomed at 132.00 and closed at 132.43. Although price didn’t hit my technical target at 131.75, that area remains vulnerable to be tested today. Break below that area should open the door for further bearish momentum towards 130.65 even 129.00 area. Immediate resistance at 132.80 area. Break above that area could trigger further bullish momentum, diminish my bearish outlook and lead us into no trading zone.

GBPJPY Forecast

As I had expected, the GBPJPY had a bearish momentum yesterday, hit my short target at 146.30, bottomed at 146.22 and closed at 146.75. The bias should remains bearish with technical target around 144.60 area. Immediate resistance at 147.20 area. Break above that area should lead us into no trading zone and potentially testing 148.50 key resistance area.

AUDUSD Forecast

The AUDUSD made a false breakdown below 0.9180, bottomed at 0.9129 but closed higher at 0.9204. On h4 chart below we can see that after violated the bearish channel (red) and canceled further bearish scenario, the pair is now moving in a new bullish channel (blue) indicating potential bullish testing 0.9327 area. Immediate support remains at 0.9180. Break below that area should lead us into no trading zone as direction would become unclear for me.