Crosses Daily Forecast Aug 26 2016

EURJPY: Consolidating With Downside Bias ! GBPJPY: Bullish, Eyes The 134.50 Levels With Caution ...

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EURJPY: CONSOLIDATING WITH DOWNSIDE BIAS !

As long as 113.95 resistance – broken support – holds on a daily closing basis, the EURJPY remains on the downside towards the 112.30/111.11 levels, ahead of the 109.27 levels, above 113.95 sees a recovery risk to the 117.13/117.88 levels. Conclusion: The EURJPY continues to face downside threats below the 113.95 levels…

GBPJPY: BULLISH, EYES THE 134.50 LEVELS WITH CAUTION !

As long as 131.96 support holds on a daily closing basis, the GBPJPY remains on the upside towards the 134.50 levels, a halt is likely but a break would open 135.95, further upside, resistance comes at the 137.45 levels. On the downside, below 131.96 sees a pullback risk to the 130.82/130.00 levels before the next rising…

 

Crosses Daily Forecast Aug 26 2016-EURJPY

Crosses Daily Forecast Aug 26 2016-GBPJPY

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