Crosses Daily Forecast Aug 12 2016

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EURJPY: Bearish With Caution !

EURJPY:As long as 113.75/114.45 resistance – broken support – holds on a daily closing basis, the EURJPY remains on the downside towards the 111.10 levels, ahead of the 109.27 levels, above 114.75 sees a recovery risk to the 117.13/117.88 levels. Conclusion: The EURJPY continues to face downside threats below the 113.27 levels…

Crosses Daily Forecast Aug 12 2016-EURJPYGBPJPY: Remains Bearish, Under Pressure !

GBPJPY: As long as 133.75 resistance – broken support – holds on a daily closing basis, the GBPJPY remains on the downside towards the 130.12 levels, ahead of the 128.66 levels, above 133.75 sees a recovery risk to 134.85/135.95 levels, further upside, resistance stands at the 139.90 levels. Conclusion: The GBPJPY continues to face downside threats below the 133.75 levels…

Crosses Daily Forecast Aug 12 2016-GBPJPY

 

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