Crosses Daily Forecast Nov 01 2017

EURJPY: Bearish But Hesitates Ahead Of 133.00 Levels!

As long as 132.95 resistance holds on a daily closing basis, the EURJPY remains on the downside to the 131.72 levels where a cut will aim the 130.55 levels, further down support stands at the 129.10 levels. On the upside, above 132.95 sees a recovery risk to the 134.50 levels, above that level will extend gains to the 136.00 levels.

GBPJPY: Bullish With Risk To The 152.28 Levels!

As long as 151.00 support holds on a daily closing basis, the GBPJPY remains on the upside to the 152.28 levels, a halt is likely and it may turn lower from here but a break will extend gains to the 154.55 levels, further upside will aim the 157.57 levels ahead of the 160.00 levels. On the downside, below 151.00 sees a pullback risk to the 149.19 levels before another rising, next support comes at the 147.89 levels.