Crosses Daily Forecast Dec 05 2017

EURGBP: Bearish Despite Recovery Attempts! EURJPY: Sees pullback Risk, GBPJPY: Consolidates With Upside Bias!


EURGBP: As long as 0.8843 resistance holds on a daily closing basis, the EURGBp remains on the downside to the 0.8800/0.8766 levels ahead of the 0.8718 levels. Above 0.8843 sees a recovery risk to the 0.8981 levels before another fall.

EURJPY: As long as 132.89/132.51 support holds on a daily closing basis, the EURJPY remains neutral with risk to the upside to the 134.50 levels ahead of the 136.05 levels. Below 132.51 sees a fall risk to the 131.35 levels ahead of the 130.66 levels.

GBPJPY: As long as 150.43 support holds on a daily closing basis, the GBPJPY remains on the upside to the 152.85 levels ahead of the 154.85 levels. Below 150.43 sees a pullback risk to the 148.62 levels before another rising…

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