EURJPY Forecast

The EURJPY bullish momentum was paused on Friday. For me this is only a normal consolidation and I still prefer a bullish scenario with 136.88 and 138.67 area as potential bullish targets. Immediate support at 134.55 followed by 133.60. Break below 133.60 should be seen as potential threat to the bullish reversal scenario.

GBPJPY Forecast

Although not working smoothly, my breakout strategy was not completely a mess in a volatile market on Friday. The pair topped at 149.30 but closed lower at 148.61 and now traded around 148.20 at the time I wrote this comment. Although bullish momentum seems limited now, but overall I still prefer a bullish scenario. In nearest term, I think the key level to be watched today is 148.00 support area. As long as price able to stay above that area, expect further bullish momentum. However, break below that support area should trigger further bearish momentum back towards 146.36 area but short position is not recommended at this phase.

AUDUSD Forecast

The AUDUSD failed to make another breakout scenario yesterday. The pair made a false breakout and closed lower at 0.9162. However, we had a downside rejection early today in Asian session so I think we are ready for another bullish momentum re-testing 0.9269. Only a movement below 0.9090 should be seen as potential threat to my bullish outlook.