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EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 125.06 but closed lower at 124.04 and now is testing the lower line of the bullish channel indicating critical technical phase. After had bullish running since formed the double bottom around 119.70, the bullish momentum is now face a double top formation around 125.15. A violation to the bearish channel should be seen as bullish failure and trigger further bearish momentum at least towards 121.70 area especially if price able to break below 123.00 support. On the upside, break above 125.15 area should trigger further bullish momentum targeting 126.90.

GBPJPY Forecast
The GBPJPY slipped above 138.30 yesterday, topped at 139.34 but closed significantly lower at 138.32 and now move back below 138.30 area. As long as price still move inside the bullish channel, the bullish scenario should remain intact. The bias is neutral in nearest term but this fact could potentially produce a false breakout scenario if price fail to consistently move above 138.30 area testing the lower line of the bullish channel. Immediate support at 137.11. Break below that area should trigger further bearish momentum.

AUDUSD Forecast
The AUDUSD had a moderate bullish momentum yesterday, topped at 0.9250 and closed at 0.9234. The bullish scenario remains intact with technical target now around 0.9326 but we need a consistent move above 0.9250 to continue the bullish scenario. Immediate support at 0.9200. Break below that area could trigger further bearish correction testing 0.9140 but as long as price move above the trendline support the major bullish scenario remains intact.

USDJPY Forecast:
The USDJPY made another indecisive movement yesterday. Price still able to move inside the bearish channel indicating bearish scenario remains intact but actually still trapped in a range area of 90.80 – 90.00. We need a clear break on either side to see clearer direction towards 91.50 or 89.50 area. The bearish major scenario still intact as long as price stay below the major trendline resistance (blue). Break below 89.50 could trigger further bearish momentum towards 88.50 while break above 91.50 could be a serious threat to the bearish scenario and potential new bullish phase.

EURUSD Forecast:
The EURUSD had a bullish momentum yesterday, topped at 1.3782 and closed at 1.3771. This fact should keep the bullish scenario targeting 1.3850 intact. The technical evidence that price is in a potential bullish momentum even reversal after touched the triple bottom formation seems stronger now especially if price able to break above 1.3850 area today targeting at least 1.4020/50 area this week. Immediate support at 1.3740 area. Break below that area should lead us back into no trading zone testing 1.3650 area but as long as price still move inside the bullish channel the bullish scenario remains intact.

GBPUSD Forecast:
The GBPUSD had a significant bullish momentum yesterday, slipped above the major bearish channel indicating serious threat to the major bearish scenario and potential new bullish phase with technical target around 1.5350 area after rejection to move below the major trendline support on March 10. Immediate support at 1.5200. Break below that area an a pullback inside the bearish channel should be seen as potential false breakout scenario which could trigger significant bearish momentum re-testing 1.5000/50 area.

USDCHF Forecast
The USDCHF had a bearish momentum yesterday,bottomed at 1.0533 and closed at 1.0545. This fact should keep the bearish correction scenario after rejection to move above the triple top formation around 1.0888 area intact testing 1.0507. Break below that area could trigger further bearish momentum testing 1.0420 and be a serious threat to the major bullish scenario and potential new bearish phase. Immediate resistance at 1.0600 followed by 1.0640. Break above 1.0640 should keep the major bullish scenario intact.