EURJPY Forecast

The EURJPY failed to continue its bullish intraday momentum yesterday after found a good resistance around 106.97 as you can see on my h4 chart below. The bias is neutral in nearest term. As long as stays above 104.95 price is still in a strong bullish intraday outlook since bounced from 100.74 and broke above the trend line resistance on Monday. Immediate resistance is seen around 106.10. A clear break back above that area could trigger further bullish momentum retesting 106.97 . Fundamental focus today will be on Greek debt payment deadline. If Greece fails to pay it debts the Euro could be under heavy pressure.

GBPJPY  Forecast

The GBPJPY bullish momentum was stopped yesterday. The bias is neutral in nearest term but overall as long as price stays above 119.00 the double bottom bullish scenario should remain strong at least testing 122.50 and the trend line resistance. This double bottom bullish scenario can only be cancelled by a clear break below the record low 116.82, aiming for new record low. Immediate resistance is seen around 121.30/50. A clear break above that area could trigger further bullish pressure testing 122.50.

AUDUSD Forecast

The AUDUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but still within a context of a bullish intraday phase since bounced strongly from 0.9400 and violated the trend line resistance as you can see on my h4 chart below, still targeting 1.0310 – 1.0400 area. Immediate support remains around 1.0125. A clear break below that area could trigger further bearish pullback in nearest term but as long as price stays above 1.0000 I still prefer a bullish intraday scenario at this phase.

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