Majors Daily Forecast Sept 28 2017

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    EURO -dollar - 69875

    EURUSD: Bearish, Eyes Further Downside!

    The EURUSD remains on the downside as long as 1.1757 resistance holds on a daily closing basis, support comes at the 1.1730 levels, a halt is likely but a cut would open 1.1670 levels, further down, support stands at the 1.1585 levels ahead of the 1.1478 levels.

    On the upside, a failure to clear the 1.1730 levels could mean a return to the 1.1757 levels, a sustained breakout above that level will aim the 1.1831 levels before another fall, above 1.1831 will aim the main resistance at the 1.1936 levels…

    Conclusion: The EURUSD continues to face downside threats below 1.1757 levels with risk to the 1.1670 levels, above 1.1757 sees a recovery threats below 1.1831 levels where another fall is likely…

    GBPUSD: Sees Corrective Pullback Threats!

    As long as 1.3408/1.3450 resistance holds on a daily closing basis, the GBPUSD remains in a corrective pullback mode and further down could be seen, immediate support comes at the 1.3328 levels, a break below here will aim the 1.3266 levels, further down, support stands at the 1.3147 levels…

    On the upside, resistance comes at the 1.3408 levels ahead of the 1.3450 levels, a break will bring limited gains below 1.3585 levels.

    Conclusion: The GBPUSD continue to face corrective pullback threats below the 1.3450/1.3408 levels.

    USDJPY: Bullish Sees Further Upside Gains!

    Today, the global financial markets will shift their focus on Bank of England Governor Mark Carney speaks & GDP (QoQ) (Q2) as well as jobless claims

    as long as 112.20 support holds on a daily closing basis, the USDJPY remains on the upside to 113.95 levels, a halt is likely but a break would open 114.87 levels, further upside resistance comes at the 116.33 levels ahead of the 117.42 levels.

    On the downside, support comes at the 112.20 levels, below that level sees a pullback risk to the 111.09 levels, further down, support comes at the 110.25 levels.

    Conclusion: The USDJPY continues to face upside threats above the 112.20 levels…

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