Crosses Daily Forecast Oct 06 2017

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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…

blankGBPJPY: Bearish With Risk To The 148.33 Levels!

As long as 148.30 resistance holds on a daily closing basis, the GBPJPY remains on the downside to the 147.00 levels, a halt is likely and a reversal may occur but a cut would open 145.65 levels, below that level will aim the 144.15 /142.50 levels where a strong rise is likely…

On the upside, above 148.30 sees a recovery risk to the 149.30/150.95 levels where another fall is likely.

Conclusion: The GBPJPY continues to face downside threats below 149.30 levels….

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