Daily Forecast for Crosses: July 04
04 Jul, 2012 @ 02:11 am BST | By swibowo
The EURJPY regained its bullish momentum yesterday, topped at 100.82 and closed at 100.64. There are no changes in my technical outlook. The bias is neutral in nearest term. Price has been moving sideways in the last three weeks as you can see on my daily chart below but as long as stays above 98.50 my overall intraday bias remains to the upside testing 102.20 key resistance area.
The GBPJPY regained its bullish momentum yesterday, but still unable to break above 125.50 so far. There are no changes in my technical outlook. The bias remains bullish in nearest term especially if price able to make a clear break above 125.50 testing 127.00 area. On the downside, only a clear break and daily close back below 123.00 could end the current bullish phase.
The AUDUSD continued its bullish momentum yesterday, topped at 1.0295 and hit 1.0318 earlier today. The bias remains bullish in nearest term testing 1.0400. Immediate support is seen around 1.0250. A clear break below that area could lead price to neutral zone in nearest term testing 1.0200 but as long as stays above 1.0130 I still prefer to buy on dips.
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