EURJPY Forecast

The EURJPY was volatile yesterday but overall still able to maintain its bearish bias and now testing 103.88 as you can see on my daily chart below. A clear break and daily close below that area could trigger further bearish scenario testing May 2001 low at 100.08. Immediate resistance is seen around 104.50. A clear break back above that area and a failure to make a clear break below 103.88 could lead price to neutral zone in nearest term testing 105.00/50 but overall I still prefer a bearish scenario at this phase.

GBPJPY  Forecast

The GBPJPY attempted to push lower yesterday, bottomed at 119.45 but closed a little bit higher at 120.15. Price seems to convincingly move below 120.65 support area as you can see on my daily chart below suggests further bearish scenario still testing 118.83. On the upside, immediate resistance is seen around 120.65. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear but as long as price moves below the trend line resistance my overall technical outlook remains to the downside.

AUDUSD Forecast

The AUDUSD had a bearish momentum yesterday, slipped below 1.0176 but corrected higher earlier today in Asian session hit 1.0241. The bias is neutral in nearest term. My hourly chart shows a neutral-bearish bias, need a clear break and consistent move below 1.0176 to continue the bearish scenario testing 1.0000 and the lower line of my triangle. However note that as long as price moves inside the triangle my long term outlook remains neutral and need a clear break from the triangle to see clearer direction. Immediate resistance is seen around 1.0241 (current high). A clear break back above that area could trigger further bullish pullback testing 1.0300/50 area.

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