Crosses Daily Forecast Oct 09 2017

0
510

EURJPY: Bearish But Around Critical Support!

As long as 132.75/133.06 resistance holds on a daily closing basis, the EURJPY remains on the downside to the 131.90 levels, a halt is likely and a reversal may occur but a cut would open 131.35 levels ahead of the 130.66 levels, below that level will aim the 129.94 levels.

On the upside, above 133.06 will restore the upside momentum and turn the focus on the 133.75/134.50 levels, above 134.50 will extend gains to the 136.06 levels.

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

GBPJPY: Bearish Despite Recovery Attempts!

As long as 148.30 resistance holds on a daily closing basis, the GBPJPY remains on the downside to the 147.03 levels, a halt is likely and a reversal may occur but a cut would open 145.65 levels, below that level will aim the 144.17 /142.50 levels where a strong rise is likely…

On the upside, above 148.30 sees a recovery risk to the 149.27/150.95 levels where another fall is likely.

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

 

MARKET DATA

UPCOMING ECONOMIC EVENTS