Crosses Daily Forecast Apr 05 2017

EURJPY, Bearish Despite Recovery Attempts!......GBPJPY Recovers With Caution!

EURJPY, Bearish Despite Recovery Attempts!

As long as 119.00 broken support (turned resistance) holds on a daily closing basis, the EURJPY remains on the downside to the 117.95 levels a halt is likely but a cut will turn the focus on the 116.60 levels, further down, support comes at the 115.00 levels…On the upside, above 119.00 sees a recovery risk to the 120.43 levels before the next falling, above 120.43 will turn outlook bullish to 123.00 levels…

GBPJPY Recovers With Caution! 

As long as 137.50 support holds on a daily closing basis, the GBPJPY remains in recovery mode and further upside could be seen, but upside above 137.50 should be limited by the 140.60/141.75 levels where fall resumption is very likely, above 141.75 will turn outlook bullish to the 144.48 levels. Below 137.50 sees a fall risk to the 134.98 levels ahead of the 132.43 levels…