Crosses Daily Forecast Nov 08 2017

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EURJPY: Bearish Eyes The 131.35 Levels!

As long as 133.11 resistance holds on a daily closing basis, the EURJPY remains on the downside to the 131.35 levels, a halt is likely but a cut will aim the 130.66/129.95 levels. Above 132.35 will aim the 133.11 levels (main), further upside sees recovery threats to the 134.50 levels.

GBPJPY: Consolidates With Downside Bias! 

As long as 151.38 resistance holds on a daily closing basis, the GBPJPY remains in a pullback mode and further down could be seen, support comes at the 148.90 levels, a halt is likely and it may turn higher from here but a cut below that level will aim the 147.89/147.00 levels, further down, support comes at the 145.65 levels. On the upside, above 151.38 will restore the upside momentum and pave the way to the 153.00 levels.

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