EURJPY Forecast

The EURJPY had a moderate bullish momentum yesterday, topped at 134.77 but closed lower at 134.25. On h4 chart below we can see that the pair can not consistently move above my 134.35 key resistance area and now struggling around that area. I still prefer a bullish scenario but we need consistent movement above 134.35 to keep us on the bullish track targeting 135.12 and 136.10 area. Immediate support at 133.50. Break below that area should be a potential threat to the bullish outlook.

GBPJPY Forecast

The GBPJPY attempted to push higher yesterday, slipped above the trendline resistance (red) and topped at 151.18 but further bullish momentum was rejected as the pair whipsawed to the downside and closed lower at 149.77 and go back below the trendline resistance. The bias is bearish in nearest term targeting 149.02 – 148.60 key support area. Immediate resistance at 150.40. Break above that area should lead us into no trading zone.

AUDUSD Forecast

The AUDUSD bullish momentum was paused yesterday, which is normal for me as the pair seemed to consolidate after bullish momentum indicating by triangle on h1 chart below. The bias is neutral in nearest term but the bullish scenario clearly remains intact and short position is not recommended. Immediate support at 0.8674 which also a potential area to place a long position with a tight stop loss. Break below that area should lead us into no trading zone.