EURJPY Forecast

The EURJPY had a moderate bullish momentum yesterday but overall my nearest term bias remains neutral, still within a major bearish outlook as long as price stays below the trend line resistance. Immediate support is seen around 108.60. A clear break below that area could change my short term bias to bearish testing 108.00 area, which could reopen the door for another retest of 106.57. Immediate resistance is seen around 109.45. A clear break and daily close above that area could change the short term bias to bullish retesting the trend line resistance.

GBPJPY  Forecast

The GBPJPY was indecisive yesterday. The bias remains neutral in nearest term but my overall technical bias remains to the downside as long as price stays below the trend line resistance, still testing 122.93. A clear break and daily close below 122.93 could continue the bearish scenario testing 2009 low at 118.83. Immediate resistance is seen around 123.70. A clear break above that area could trigger further bullish pullback testing 124.85 but as long as price stays below the trend line resistance I still prefer a bearish scenario at this phase.

AUDUSD Forecast

The AUDUSD had a bullish momentum yesterday, topped at 1.0660 but corrected lower earlier today in Asian session, slipped back below 1.0600. The bias is neutral in nearest term and I still focus on the potential wide range consolidation scenario inside my triangle after hit the all time high. A clear break above the triangle and daily close above 1.0700 area could create another bullish scenario, retesting the all time high 1.1079. Immediate support is seen around 1.0570 (current low). A clear break below that area could change my short term bias to bearish testing 1.0500 area.

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