Crosses Daily Forecast Jan 26 2016

EURGBP: Short term outlook in EURGBP is neutral at the moment, the pair is trapped withing 0.7554/0.7672 levels. Below 0.7554 levels will extend the pullback towards the 0.7475/0.7407 levels before the next rise, above 0.7672 will restore the upside momentum and open the 0.7780/0.7900 levels…

Crosses Daily Forecast Jan 26 2016-EURGBP

EURJPY: As long as 128.61 resistance holds on a daily closing basis, the outlook in EURJPY remains on the downside towards the 126.89 levels ahead of the 125.61 levels, above 128.61 faces a recovery risk towards the 129.65 levels and possibly higher towards the 131.00/131.77 levels before the next fall…(Minor support comes at the 127.85 levels, stability above this level may expose the 128.61 levels, below 127.85 will accelerate the bearish move)…

Crosses Daily Forecast Jan 26 2016-EURJPY

GBPJPY: As long as 167.35/165.91 support holds on a daily closing basis, the GBPJPY remains in a recovery mode and further upside towards the 170.07 levels couldn’t be ruled out, above 170.07 will extend recovery towards the 173.37 levels, below 165.91 faces a fall risk towards the 163.85/161.75 levels…

Crosses Daily Forecast Jan 26 2016-GBPJPY

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