EURJPY Forecast

The EURJPY continued its bullish momentum on Friday, slipped above 106.97 and now struggling around that area. The bias is bullish in nearest term testing 118.00 and the major trend line resistance (white). Immediate support is seen around 106.50. A clear break below that area could lead price to neutral zone in nearest term testing 106.00 – 105.75 but as long as price stays above 104.95 I still prefer a bullish intraday scenario at this phase as a part of the bullish intraday scenario after violated the minor trend line resistance (red)

GBPJPY  Forecast

The GBPJPY continued its bullish momentum on Friday, slipped above the trend line resistance and now struggling around the trend line resistance as you can see on my daily chart below. Price is in a critical phase where a clear break and daily close above the trend line resistance would give further confirmation to the double bottom bullish reversal scenario. The bias is bullish in nearest term testing 123.30. Immediate support is seen around 121.50. A clear break below that area could lead price to neutral zone in nearest term but only a clear break and daily close back below 120.50/80 could be a threat to the current bullish intraday outlook.

AUDUSD Forecast

The AUDUSD continued its bullish momentum on Friday, closed at 1.0337. There were some minor downside pullback earlier today in Asian session hit 1.0282 but any downside pullback now is normal and overall price is still in a strong bullish phase testing 1.0400 area. Immediate support is seen around 1.0230. A clear break below that area could lead price to neutral zone in nearest term testing 1.0140/25 support area but as long as price stays above 1.0000 I still prefer a bullish intraday scenario at this phase as a part of the bullish scenario since the break above the trend line resistance as you can see on my h4 chart below.

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