EURJPY Forecast

The “Flag” bullish scenario worked perfectly yesterday. On h4 chart below we can see that after breakout from the “flag” area, we had a nice bullish momentum hit my first target 136.88, topped at 136.95 and closed at 136.57. The bias remains bullish targeting 138.67. CCI in overbought area and heading down on h4 chart so watch out for potential downside rebound testing 136.20 area. Break below that area could trigger further downside correction but short position is not recommended at this phase.

GBPJPY Forecast

My breakout strategy worked perfectly yesterday. As you can see on my h4 chart below, after breakout above 149.40, we had a nice bullish momentum, hit my first long target at 150.35, topped at 151.53 and closed at 150.96. The bias remains bullish targeting 153.20 area. CCI in overbought area and heading down on h4 chart so watch out for potential downside rebound testing 150.35 support area. Break below that area could trigger further downside correction towards 149.40 area but short position is not recommended at this phase.

AUDUSD Forecast

The AUDUSD made indecisive movement yesterday, indicating consolidation after some significant bullish. We still have valid bullish channel so the bullish mode still on with 0.9350 as nearest targeting before aim for 0.9500 area. The lower line of the bullish channel should provide immediate support. Violation to the downside should diminish the bullish view but short position still not recommended.