The EURJPY was corrected higher yesterday, slipped above 102.20 but traded lower earlier today in Asian session hit 101.60. The bias is neutral in nearest term but the fact that price can’t stays consistently above 102.20 so far should keep the major bearish scenario strong at least retesting 100.74 area especially if price able to make a clear break below 101.50. On the upside, a clear break and daily close above 102.20 could stop my intraday bearish bias testing 103.50 region. My major bearish outlook should remain strong and only a movement back above 105.00 could turn my intraday bias to a bullish view.
The GBPJPY was corrected higher yesterday, moving in a minor bullish channel as you can see on my hourly chart below. The bias is neutral in nearest term. I still prefer a bearish scenario at this phase but would need a clear break at least below the minor bullish channel and 118.00 area to keep the bearish pressure remains strong testing 117.70 and 116.82. Immediate resistance is seen around 119.00/20. A clear break and daily close above that area could trigger further bullish pullback testing 120.50 area which could be a challenge to my major bearish outlook.
The AUDUSD attempted to push lower yesterday, slipped below 0.9400 but further bearish pressure was rejected and close higher at 0.9540. The bias is neutral in nearest term. I still prefer a bearish scenario at this phase but would need a clear break and daily close below 0.9400 to continue the bearish scenario. Immediate resistance is seen around 0.9620. A clear break above that area could trigger further bullish pullback but as long as price stays below 0.9700 I still prefer a bearish intraday scenario at this phase.
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