Crosses Daily Forecast Jul 20 2016

EURJPY: As long as 116.30 support holds on a daily closing basis, the EURJPY remains on the upside towards the 117.88 levels. A halt is likely and a reversal may occur, however; a break through the 117.88 levels would open 121.95 next, further upside, resistance comes at the 121.19 levels, further upside, resistance comes at the 123.21 levels. On the downside, below 116.30 should weaken recent rise and pave the way towards the 114.81 levels ahead of the 113.27 levels before the next rise…Crosses Daily Forecast Jul 20 2016-EURJPY

GBPJPY: As long as 138.90 support holds on a daily closing basis, the GBPJPY remains on the upside towards the 145.38 levels, a halt is likely and a reversal may occur, above 145.38 will bring strong bullish move towards the 152.83 levels…On the downside, below 138.90 should weaken recent rise and bring a corrective pullback towards the 136.37/133.00 levels before the next rise…Crosses Daily Forecast Jul 20 2016-GBPJPY

 

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