Crosses Daily Forecast May 05 2017

EURJPY: Bullish With Risk To The 124.00 Levels! GBPJPY: Bullish, Eyes Further Upside With Caution!

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EURJPY: Bullish With Risk To The 124.00 Levels!

As long as 123.00 support holds, the EURJPY remains on the upside to the 124.00 levels, a break would open 124.50, further upside, resistance comes at the 125.50 levels.

On the downside, below 123.00 sees a pullback threats to the 122.11/121.25 levels ahead of the 120.35 levels before the next rising…

blankGBPJPY: Bullish, Eyes Further Upside With Caution!

As long as 144.77 support holds on a daily closing basis, the GBPJPY remains on the upside to the 145.57 levels, a halt is likely but a break would open 147.35, further upside, resistance comes at the 148.45 levels.

On the downside, below 144.77 sees a corrective risk to the 143.55/142.80 levels before the next rising…

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