EURJPY Forecast

The EURJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. On my h4 chart below we can see price is moving in range area of 104.95 – 104.00. My overall intraday bias remains to the upside after the violation to the minor trend line resistance (red) but would need a clear break above 104.95 to continue the bullish scenario testing 106.97 and the major trend line resistance (white).  On the downside, a clear break below 104.00 could trigger further bearish pressure testing 103.50 and 102.65.

GBPJPY  Forecast

The GBPJPY bullish intraday momentum was stopped yesterday. The bias is neutral in nearest term but as long as price stays above 119.00 I still prefer a bullish intraday scenario testing 120.50/80 after formed the double bottom formation at the record low. A clear break back below 119.00 could trigger further bearish pressure testing 118.20/00 but only a clear break and daily close below 116.82 could trigger further bearish continuation scenario aiming for new record low as the double bottom bullish scenario will be cancelled. On the upside, a clear break and daily close above 120.80 would give us further confirmation to the double bottom bullish reversal scenario testing the trend line resistance (red).

AUDUSD Forecast

The AUDUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. There were some downside pressures earlier today in Asian session but found a good intraday support around 0.9877. Important daily range to be watched is 1.0000 – 0.9877. Overall my intraday bias remains more to the upside after price bounced strongly from 0.9400 and violated the trend line resistance but need a clear break and daily close above 1.0000 to continue the bullish scenario testing 1.0070 and 1.0180 area. On the downside, a clear break and daily close back below 0.9877 could trigger further bearish pressure testing 0.9700 region.

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