EURJPY Forecast

As I had expected, the EURJPY had another bearish momentum yesterday, hit my target at 136.26, even further, bottomed at 135.65 and closed at 135.85. Selling around the upper line of the rectangle when CCI in overbought area proved to be a perfect strategy. The bias remains bearish in nearest term targeting 134.40 area. Immediate resistance at 136.26 area. Break above that area should lead us into no trading zone but long position is not recommended at this phase.

GBPJPY Forecast

The GBPJPY didn’t make a significant movement yesterday. However on h4 chart below we can see that we have another downside pressure testing key support at around 149.40 area which is my key level for today. Break below that area should trigger further bearish momentum targeting 147.03 area. Immediate resistance remains at 151.16 area. I still prefer a bearish scenario.

AUDUSD Forecast

The AUDUSD made indecisive movement yesterday, formed a Doji on daily chart. I think the nearest bias remains bearish testing 0.9090 support area. However, I think selling now is not a good idea since actually the medium term bullish scenario remains intact. I prefer to watch any reaction around 0.9090 area before making any decisions. That area seems to be a potential good place to place long position with tight stop loss below it. Immediate resistance at 0.9270 area. Break above that area should continue the bullish scenario towards 0.9350 and 0.9500 area.