EURJPY Forecast
The EURJPY had indecisive movement on Friday, formed a Doji formation on Daily chart. We have no clear direction so far but the bullish failure on Thursday should trigger further downside pressure testing the trendline support area (see chart below). Immediate support at 132.90. Initial resistance at 134.80. CCI in neutral area on daily chart.
GBPJPY Forecast
The GBPJPY had a moderate bearish momentum on Friday. On h4 chart below we can see that the pair is in critical phase as the pair is now testing the trendline support. Break below the trendline support should lead us to further bearish outlook. Immediate support at 155.80. Break below that area should trigger further bearish momentum towards 154.75 area. Initial resistance at 157.30. CCI just cross the -100 line down on daily chart suggesting potential downside pressure.
AUDUSD Forecast
The AUDUSD had a moderate bullish momentum on Friday. The bias is neutral in nearest term but the confirmed H&S bearish scenario on h1 chart below should lead us to further bearish pressure. Immediate support is seen at 0.7900. Break below that area should trigger further bearish pressure towards 0.7850. Initial resistance at 0.8000. CCI about to cross the -100 line down on h4 chart suggesting potential downside pressure.
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