The EURJPY had a huge bullish momentum earlier today in Asian session, broke above the major trend line resistance (white) and hit 111.58 after a broad Yen weakness triggered by intervention by the Japanese government. Technically this fact signals a major bullish reversal scenario testing 111.92 even 113.00 and 114.00 area. Immediate support is seen around 109.90 followed by 118.00.
The GBPJPY had a huge bullish momentum earlier today in Asian session, broke above 122.62 and hit 127.28 after an intervention by the Japanese government. Technically this fact gives further confirmation to the double bottom bullish reversal scenario testing 128.00 – 130.82. Immediate support is seen around 125.50 followed by 122.62.
The AUDUSD failed to continue its bullish momentum earlier today in Asian session, slipped back below 1.0530. The bias is neutral in nearest term. My overall intraday outlook should remain bullish and only a clear break and daily close below 1.0400 could stop the bullish outlook, even turn my intraday outlook to a bearish view. Immediate resistance is seen around 1.0600/20. A clear break and daily close back above that area would keep the bullish scenario remains strong, still testing 1.0800 area.
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