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Daily Forecast for Crosses: September 19
EURJPY Forecast
The EURJPY had another indecisive movement yesterday. The bias is neutral in nearest term. Overall my technical outlook remains bullish but need a clear break at least above 103.00 to keep the bullish bias remains strong testing 104.00/40 area. Immediate support is seen around 102.40 followed by 101.30. As long as stays inside the bullish channel I still prefer to buy on dips.
GBPJPY Forecast
The GBPJPY was indecisive yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 129.00/50 area. Immediate support is seen around 127.40. A clear break below that area could lead price to neutral zone in nearest term testing 127.00 – 126.80 but any downside pullback now is normal and I still prefer to buy on dips as a part of the bullish scenario after break above the bearish channel.
AUDUSD Forecast
The AUDUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias after rejected to move clearly above 1.0600. The bias remains bearish in nearest term testing 1.0300. Immediate resistance is seen around 1.0460. A clear break back above that area could lead price to neutral zone in nearest term testing 1.0500 and give another chance retesting 1.0600 key resistance area, but selling around 1.0600 remains a good plan for me.
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2012-09-19 09:31:31
Source: http://www.fxinstructor.com/blog/daily-forecast-for-crosses-september-19-2
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