Crosses Daily Forecast Oct 11 2016

EURGBP, Bullish Eyes Further Upside...EURJPY, Pulls Back With Caution...GBPJPY, Bearish Eyes The 124.65 Levels...

EURGBP, Bullish Eyes Further Upside…

As long as 0.9000 support holds on a daily closing basis, the EURGBP remains on the upside to the 0.9116 levels ahead of the 0.9238 levels, below 0.9000 sees a pullback risk to the 0.8830 levels before the next rising…crosses-daily-forecast-oct-11-2016-eurgbp

EURJPY, Pulls Back With Caution

As long as 115.25 resistance holds on a daily closing basis, the EURJPY remains in a pullback mode and further down could be seen, but downside below 115.25 should be contained well by the 113.85 levels, below 113.85 will extend the pullback to the 112.92 levels. Above 115.25 will restore the upside momentum and turn the focus on the 116.35 levels…

crosses-daily-forecast-oct-11-2016-eurjpyGBPJPY, Bearish Eyes The 124.65 Levels…

As long as 127.85 resistance holds on a 4-hour closing basis, the GBPJPY remains on the downside to the 124.65 levels, a halt is likely but a cut would open 123.30 ahead of 121.80 levels. Above 127.85 sees a recovery risk to the 129.60 levels. (Minor resistance 126.80)…crosses-daily-forecast-oct-11-2016-gbpjpy

 

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