EURJPY Forecast

The EURJPY was indecisive yesterday, made a Doji on daily chart. There are no changes in my technical outlook. The bias remains neutral in nearest term but 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 still able to maintain its bullish intraday bias yesterday topped at 121.83 and closed at 121.58. The bias is bullish in nearest term testing 122.62 but unless we have a clear break and daily close above 122.62 I still prefer a bearish intraday scenario at this phase with short on rallies strategy still testing 119.00. On the upside, the double bottom bullish reversal scenario remains intact and a clear movement above 122.62 could be an early confirmation to the bullish continuation scenario testing 125.50 even higher.

AUDUSD Forecast

The AUDUSD continued its bullish momentum yesterday, topped at 1.0076 but closed a little bit lower at 1.0014. The bias remains bullish in nearest term testing 1.0200 area as a part of the double bottom bullish reversal scenario as you can see on my h4 chart below. Immediate support is seen around 0.9925 (former resistance). A clear break below that area could lead price to neutral zone in nearest term testing 0.9800. On the downside, key support is seen at the double bottom formation around 0.9662. A clear break below that area could create further bearish scenario at least targeting 0.9400 region.

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