Crosses Daily Forecast Dec 01 2017

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EURGBP: Outlook Remains Lower!

As long as 0.8846 resistance holds on a daily closing basis, the EURGBP remains on the downside to the 0.8766/0.8718 levels. Above 0.8846 sees a recovery risk to the 0.8981 levels before the next falling.

EURJPY: Bullish With Caution, Eyes The 135.00 Levels…

As long as 133.23/132.51 support holds on a daily closing basis, the EURJPY remains on the upside to the 135.00 levels, a halt is likely but a break will aim 136.00 levels. Below 132.51 sees a fall risk to the 131.16 levels.

Note that a failure to hold above the 134.15 levels on a daily closing basis could mean a return to the 132.51 levels.

GBPJPY: Bullish But Hesitates Ahead Of Key Resistance!

As long as 151.38/150.43 support holds on a daily closing basis, the GBPJPY remains on the upside to the 152.65 levels ahead of the 153.90/154.85 levels. below 150.43 sees a pullback threat to the 148.62 levels before another rising…

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