EURJPY Forecast

The EURJPY had a bearish momentum yesterday, bottomed at 109.89 but bounced higher earlier today in Asian session hit 110.93. The bias is neutral in nearest term but as long as price stays below the trend line resistance my overall outlook remains to the downside. Immediate resistance is seen around 111.00. A clear break back above that area could trigger further bullish attempt testing the trend line resistance and 112.00/50 region. On the downside, 109.45 remains the nearest short term bearish target but would need a clear break and daily close below that area to continue the major bearish scenario.

GBPJPY  Forecast

The GBPJPY attempted to push lower yesterday, bottomed at 124.26 but bounced higher earlier today in Asian session hit 125.32. The bias is neutral in nearest term but as long as price stays below the trend line the major bearish scenario should remain intact testing 124.00 and 122.93. Immediate resistance is seen around the trend line resistance and 126.00/50 region. Only a clear break above the trend line resistance could be a threat to the bearish scenario, signaling a bullish reversal scenario.

AUDUSD Forecast

The AUDUSD had another indecisive movement yesterday, made another Doji on daily chart. There are no changes in my technical outlook where price remains in a bullish intraday phase, targeting 1.0785. On the downside, key intraday support remains around 1.0600 and only a clear break below that area would stop my bullish intraday bias which has started after the strong rejection to move below the trend line support (white).

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