EURJPY Forecast

The EURJPY was indecisive yesterday. The bias is neutral in nearest term. I still prefer a major bearish scenario at this phase but price is still in a bullish correction phase since found support around the triple bottom formation around 100.74 as you can see on my h4 chart below. Immediate resistance is seen around 120.65/70 area. A clear break above that area could trigger further bullish correction testing the minor trend line resistance (red) and 103.50/80 area. Immediate support is seen around 101.80/50 area. A clear break below that area could trigger further bearish pressure retesting 100.74.

GBPJPY  Forecast

The GBPJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. I still prefer a major bearish scenario at this phase but further bearish pressure can only be expected by a clear break below 117.70 and the trend line support as you can see on my hourly chart below retesting the record low at 116.82. On the upside, key intraday resistance remains around 119.00/20. A clear break and daily close above that area could trigger further bullish pullback testing 120.00/50 area.

AUDUSD Forecast

The AUDUSD was corrected higher yesterday and now testing 0.9700 area. Although the bias is bullish in nearest term, selling around 0.9700 seems to be a good intraday plan due to a good risk reward ratio with a tight stop loss above 0.9700. I still prefer a major bearish scenario at this phase but would need a clear break below 0.9400 strong support area to continue the bearish scenario. Immediate support is seen around 0.9590. A clear break below that area could lead price to a neutral zone in nearest term but would give another chance for further bearish pressure testing 0.9500 even retesting 0.9400 area. On the upside, a clear break and daily close above 0.9700 would stop my h4 chart bearish outlook testing 0.9975 region.

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