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EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.2814 and closed at 1.2829. The bias remains bearish in nearest term testing 1.2800 – 1.2750/33 region before testing 1.2625 area as a part of the bearish scenario since broke below the descending triangle. Immediate resistance is seen around 1.2880 – 1.2905 area. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.3000 my overall intraday bias remains to the downside.

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EURJPY Forecast
The EURJPY continued its bearish momentum yesterday, bottomed at 102.21 and closed at 102.46. The bias remains bearish in nearest term especially if price able to make another clear break below 102.20 testing 101.00 – 101.50 support area. Immediate resistance is seen around 102.75. A clear break above that area could lead price to neutral zone in nearest term testing 103.50 but as long as stays below 104.44 my overall intraday bias remains to the downside and I still prefer to sell on rallies.

GBPJPY  Forecast
The GBPJPY was volatile but indecisive yesterday made a Doji on daily chart. There are no changes in my technical outlook. The bias remains neutral in nearest term and price is still consolidating inside the triangle formation in medium term. Potential daily range remains between 127.80 – 129.37. I will stand aside for now.

AUDUSD Forecast
The AUDUSD continued its bearish momentum yesterday, bottomed at 0.9954 and hit 0.9943 earlier today. There are no changes in my technical outlook. Although the bearish momentum was not as strong as I had expected, nearest term bias remains to the downside still testing 0.9910 region. Immediate resistance is seen around 1.0020/43 area. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.0200 I still prefer to sell on rallies.

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GBPUSD  Forecast
The GBPUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term but note that the major bullish scenario should remain intact and I still prefer to buy around 1.6000 – 1.6050 with tight stop loss below 1.6000. Immediate resistance is seen around 1.6122 (yesterday’s high). A clear break and daily close above that area could lead price to neutral zone in nearest term. Price is still in a bearish correction phase since fell from 1.6300 and need a clear break and daily close at least back above 1.6200 to end the current bearish correction phase.

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USDJPY Forecast
The USDJPY had another insignificant movement yesterday. There are no changes in my technical outlook and volatility remains low. 79.52/35 region remains a good place to buy with stop loss below 79.35. Immediate resistance remains around 80.23. A clear break and daily close above that area could trigger further bullish pressure testing 81.00 – 81.80.

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USDCHF Forecast
The USDCHF had a significant movement yesterday, broke and closed above 0.9320 resistance area. This fact leads price to a new bullish phase after consolidation testing 0.9400 – 0.9450 area. Immediate support is seen around 0.9300 – 0.9320. A clear break back below that area would lead price to neutral zone in nearest term as direction would become unclear.

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EURUSD Forecast
The EURUSD attempted to push higher last week, topped at 1.3064 but whipsawed to the downside, closed at 1.2914 and hit 1.2878 earlier today. The bias remains bearish in nearest term especially if price able to make another clear break and daily close below 1.2880 testing 1.2800 – 1.2750 region before testing 1.2625 as a part of the major bearish scenario after broke below the descending triangle. Immediate resistance is seen around 1.2950. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 region. The falling wedge bullish pullback scenario should remain intact especially if price able to break above 1.2950 but any upside momentum now should be seen as a normal corrective movement and overall I remain bearish.

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EURJPY Forecast
The EURJPY was indecisive last week, made a Doji on weekly chart. There are no changes in my technical outlook. Nearest term bias remains to the downside, still testing 102.20 region. Immediate resistance remains around 103.70. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 104.44 my overall intraday bias remains strongly to the downside and only a clear break back above 105.60 could stop the current bearish outlook. CCI is in oversold area and challenging the -100 line so watch out for potential bullish pullback.

GBPJPY  Forecast
The GBPJPY was indecisive last week, made a Doji on weekly chart. The bias is neutral in nearest term but overall price is still in a bearish correction phase since fell from 133.47. As you can see on my daily chart below, price is moving inside a triangle formation suggests a major consolidation phase and need a clear break from the triangle to see clearer direction. Potential daily range is seen between 127.80 – 129.37.

AUDUSD Forecast
The AUDUSD attempted to push higher last week, topped at 1.0218 but whipsawed to the downside, closed at 1.0017 and hit 0.9994 earlier today. The bias remains bearish in nearest term testing 0.9910 region. Immediate resistance is seen around 1.0043/70 region. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and as long as stays below 1.0200 I still prefer a bearish scenario at this phase with sell on rallies strategy.

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GBPUSD  Forecast
The GBPUSD attempted to push higher last week, topped at 1.6197 but whipsawed to the downside, closed lower at 1.6065 and hit 1.6052 earlier today. The bias remains bearish in nearest term as a part of the bearish correction scenario since fell from 1.6300 testing 1.6050 – 1.6000 support area. However note that the major bullish scenario should remain intact and only a clear break and daily close below 1.6000 and the trend line support (blue) could create further bearish scenario. 1.6000 – 1.6050 remains a good place to buy with tight stop loss below 1.6000. Immediate resistance is seen around 1.6100. A clear break above that area could lead price to neutral zone in nearest term and I think we need a clear break at least back above 1.6200 to potentially end the current bearish correction phase.

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USDJPY Forecast
The USDJPY bearish momentum was stopped last week. Volatility remains low and 79.52/35 key support area still hold so far. There are no changes in my technical outlook and 79.52/35 region remains a good place to buy with stop loss below 79.35. Immediate support is seen around 79.70. A clear break below that area could trigger further bearish pressure retesting 79.52/35. Immediate resistance is seen around 80.23. A clear break and daily close above that area could trigger further bullish pressure testing 81.00 – 81.80.

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USDCHF Forecast
The USDCHF continued its bullish momentum last week and now struggling around 0.9320 area. The bias is bullish in nearest term especially if price able to make a clear break and daily close above 0.9320 testing 0.9400 or higher. Immediate support is seen around 0.9250. A clear break back below that area could lead price to neutral zone in nearest term testing 0.9200 and keep price inside the range area a little bit longer.