EURJPY Forecast

The EURJPY had a bearish momentum on Friday, after made a double top formation around 104.95 as you can see on my hourly chart below but found a good intraday support around 120.20. The bias is neutral in nearest term but I prefer a bearish intraday scenario at this phase with a tight stop loss above 103.30. On the downside, a clear break and daily close below 102.20 could trigger further bearish scenario testing 100.08 area.

GBPJPY  Forecast

The GBPJPY was indecisive on Friday. There were some downside pressures earlier today in Asian session, slipped below my bullish channel as you can see on my hourly chart below but found a support around 119.00. The bias is bearish in nearest term especially if price breaks below 119.00 testing 118.50/35 – 117.70. Immediate resistance is seen around 119.80. A clear break back above that area would lead price to neutral zone in nearest term testing 120.50/80 resistance area.

AUDUSD Forecast

The AUDUSD had a bearish momentum on Friday, slipped below 0.9700 and hit 0.9591 earlier today in Asian session. The bias is bearish in nearest term testing 0.9550 – 0.9500 area before testing 0.9400. On the upside, another move back above 0.9700 would lead price to neutral zone in nearest term as direction would become unclear.

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