The EURJPY had a bearish momentum yesterday, bottomed at 103.47 but bounced higher earlier today in Asian session hit 104.17. From another technical perspective as you can see on my hourly chart below, price is making a bullish flag formation suggests a potential bullish view especially if price breaks above the flag and 114.30 area targeting 115.00 even higher. On the downside, only a clear break below 103.40 could cancel the bullish flag scenario retesting 102.20 key support area. My major bearish outlook should remains intact but I think price is ready for a bullish correction phase.
The GBPJPY had a bearish momentum yesterday, but bounced higher earlier today in Asian session after found a good support at the lower line of the bullish channel as you can see on my hourly chart below. This fact keeps the bullish correction phase intact still testing 120.65 area especially if price able to make a clear break above 119.80 area. Immediate support is seen around 119.00 and the lower line of the bullish channel. A clear break below the bullish channel could end the current bullish correction phase.
The AUDUSD had a strong bearish momentum yesterday but bounced higher significantly earlier today in Asian session hit 0.9811 after found support at 0.9700 as you can see on my daily chart below. The bias is neutral in nearest term with potential daily range between 0.9925 – 0.9700. My major bearish outlook after the violation to the triangle remains intact but would need a clear break and daily close below 0.9700 to continue the bearish scenario testing 0.9400.
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