EURJPY Forecast

The EURJPY was indecisive on Friday, made a Doji on daily chart. The bias is neutral in nearest term but as long as stays below 104.95 my overall intraday bias remains to the downside still testing 102.20 – 100.74 support area. Immediate resistance is seen around 103.50. A clear break above that area could trigger further upside pullback testing 104.00/40.

GBPJPY  Forecast

The GBPJPY attempted to push higher on Friday, topped at 120.44, closed lower at 119.93 but gapped up higher earlier today in Asian session, opened at 120.27. The bias is neutral in nearest term. Price is now testing 120.50 resistance area. A clear break above that area could trigger further upside pullback testing 121.00/50. The double bottom bullish reversal scenario remains intact but need at least a clear break and daily close back above 122.62 to keep it strong. Immediate support is seen around 119.80. A clear break below that area could trigger further bearish pressure testing 119.00 and could reopen the door for another downside attempt testing the double bottom around 116.90 area.

AUDUSD Forecast

The AUDUSD had another indecisive movement on Friday, made a Doji on daily chart. Price gapped up on the open earlier today in Asian session, more than 100 pips higher than Friday’s close. The bias is neutral in nearest term but as long as stays below 0.9925 my overall intraday bias remains strongly to the downside. A clear break and daily close above 0.9925 would activate my wait and see mode. Immediate support is seen around 0.9800. A clear break below that area could trigger further bearish pressure but we need a clear break and daily close at least below 0.9750 to keep the bearish scenario strong, still testing 0.9620 before testing 0.9400 area.

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