EURJPY Forecast

The EURJPY attempted to push higher yesterday, topped at 104.51 but close a little bit lower at 103.96. The bias remains neutral in nearest term. As long as stays below 104.95 I still prefer a bearish scenario at this phase, still testing 102.20 – 100.74. On the upside, a clear break and daily close above 104.95 would turn my intraday bias to a bullish view testing the trend line resistance (white).

GBPJPY  Forecast

The GBPJPY attempted to push higher yesterday, topped at 121.66 and closed at 121.00. The bias remains neutral in nearest term, probably with a little upside bias. As long as stays below 122.62 I still prefer a bearish scenario at this phase with short on rallies strategy still testing 119.00 – 116.90 area. However a clear break and daily close above 122.62 would turn my intraday bias to a bullish mode as the double bottom bullish reversal scenario may begin to regain the upside momentum.

AUDUSD Forecast

The AUDUSD had a bullish momentum yesterday and now traded above 0.9925. My intraday bias turns bullish now, targeting 1.0000 – 1.0100 even 1.0200. Immediate support is seen around 0.9925 followed by 0.9850. A clear break below 0.9850 could lead price to neutral zone in nearest term. On the downside, we need a clear break and daily close at least back below 0.9800 to give another chance to the bearish scenario testing 0.9620 and 0.9400.

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