Crosses Daily Forecast Apr 07 2017

EURJPY: Bearish, Sees Further Weakness!...GBPJPY Recovers With Caution!


EURJPY: Bearish, Sees Further Weakness!

As long as 118.23 broken support (turned resistance) holds on a daily closing basis, the EURJPY remains on the downside to the 116.60 levels a halt is likely but a cut will turn the focus on the 115.00 levels, further down, support comes at the 113.65 levels…On the upside, above 118.23 sees a recovery risk to the 119.30/120.43 levels before the next falling…

blankGBPJPY 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…