Crosses Daily Forecast Oct 05 2017

0
489

EURJPY: Bearish Eyes The 131.60 Levels!

As long as 133.06 resistance holds on a daily closing basis, the EURJPY remains on the downside to the 131.60 levels, a halt is likely and a reversal may occur but a cut would open 130.66 levels, below that level will aim the 129.94 levels ahead of the 129.10 levels where a strong rise is likely…

On the upside, above 133.06 will restore the upside momentum and may bring a higher leg above the 134.40 levels…

Conclusion: The EURJPY continues to face downside threats below 133.06 levels…

GBPJPY: Bearish With Risk To The 148.33 Levels!

As long as 150.96 resistance holds on a daily closing basis, the GBPJPY remains on the downside to the 148.33 levels, a halt is likely and a reversal may occur but a cut would open 147.00 levels, below that level will aim the 145.65 levels ahead of the 144.15 levels where a strong rise is likely…

On the upside, above 150.96 will restore the upside momentum and may bring a higher leg above the 152.78 levels…

Conclusion: The GBPJPY continues to face downside threats below 150.96 levels…

MARKET DATA

UPCOMING ECONOMIC EVENTS