EURJPY Forecast

The EURJPY attempted to push higher on Friday, slipped above my minor trend line resistance (red), topped at 103.84 but further bullish scenario was rejected and closed significantly lower at 102.63. There were some upside pressures earlier today in Asian session hit 103.46 and as long as price stays above 102.65 we may still see some upside attempt testing the minor trend line resistance. A clear break above the minor trend line resistance and daily close above 103.50/80 could trigger further bullish pullback testing 104.95 resistance area. On the downside, another movement back below 102.65 would stop the current bullish intraday outlook testing 101.60 support area which could reopen the door for another downside attempt testing 100.74.

GBPJPY  Forecast

The GBPJPY had a bullish momentum on Friday and now moving convincingly above 119.00/20 area suggests potential further upside pullback testing 120.50/80 area. On my daily chart below we have double bottom formation at the record low, suggests a potential bullish pullback scenario, even a bullish reversal. On the downside, only a clear break back below 119.20/00 could stop the current bullish intraday bias testing 118.20/00 region but only a clear break and daily close below 116.82 could trigger further bearish continuation scenario aiming for new record low.

AUDUSD Forecast

The AUDUSD attempted to push higher on Friday, slipped above the trend line resistance, topped at 0.9877 but closed lower at 0.9763. There were some upside pressures earlier today in Asian session hit 0.9845 and price is now moving back above the trend line resistance, still suggests a potential bullish intraday view testing 0.9975.  My hourly chart bias is more to the upside now but h4 chart outlook remains sideways in a wide range area of 0.9975 – 0.9400. On the downside, only a clear break and daily close back below 0.9700 could stop the current bullish short term bias and would reopen the door for another downside attempt testing 0.9400 region.

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