EURJPY Forecast
The EURJPY was indecisive on Friday, formed A Doji on daily chart. The bias is neutral in nearest term but I still prefer a bullish scenario at this phase with technical target around 128.80 area. Immediate support at 126.96 area. Break below that area could trigger further bearish momentum testing 125.95 area.
GBPJPY Forecast
The GBPJPY didn’t make significant movement on Friday but the fact that price already break above the major trendline resistance indicating potential bullish reversal scenario at least targeting 145.85 area. Immediate support at 143.60 area. Break below that area and a movement back below the trendline could produce a false breakout scenario which could trigger significant bearish momentum testing 142.50/00 area.
AUDUSD Forecast
The AUDUSD still made no significant technical movement on Friday. Price still move around the upper line of the broadening formation indicating some hesitation/consolidation. I think I will keep stay away from this pair. Aggressive traders may short around 0.9250 and the upper line area with a tight stop loss as a consistent move above the broadening formation confirms the bullish continuation scenario towards 0.9326 and 0.9404 region. Immediate support at 0.9150/30 area.
Writer by : Setyo Wibowo [Blog.fxInstructor.com]
