Crosses Daily Forecast Apr 10 2017

EURJPY: Bearish, Sees Further Weakness!...GBPJPY: Halts Recovery, Risk Turns Lower!

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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: Halts Recovery, Risk Turns Lower! 

As long as 138.33 resistance holds on a daily closing basis, the GBPJPY remains on the downside to 136.93 levels, a halt could be seen but a cut would accelerate the down move to 134.98 levels, further down, support comes at the 132.43 levels. On the upside, above 138.33 sees recovery risk to 140.60/1414.75 before the next falling…

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