The EURJPY failed to continue its bearish momentum yesterday. There are no changes in my technical outlook. Price is still moving in a range area between 101.00 – 98.55 and need a clear break from the range area to see clearer direction. Price is still in a bullish phase since bounced from 95.57 but need a clear break above 101.00 – 102.20 key resistance area to continue the bullish phase. On the downside, a clear break back below 98.50 could end the current bullish correction phase.
The GBPJPY had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays above 122.00, price is still in a bullish correction phase testing 125.50. Immediate support remains around 123.25. A clear break below that area could trigger further bearish pressure testing 122.00 region.
The AUDUSD continued its bullish momentum yesterday, hit 1.0200. The bias remains bullish in nearest term especially if price able to make a clear break above 1.0200 testing 1.0300 – 1.0400 area. Immediate support is seen around 1.0130. A clear break below that area could lead price in neutral zone in nearest term testing 1.0050 area but only a clear break back below 0.9910 could end the current bullish phase.
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