Crosses Daily Forecast Oct 12 2017

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EURJPY: Bullish With Caution!

As long as 132.45 support holds on a daily closing basis, the EURJPY remains on the upside to 134.00 levels ahead of the 134.50/136.00 levels, below 132.45 sees a fall risk to the 131.90/130.66 levels.

Note: a failure to hold above 133.50 on a daily closing basis could mean a return to the 132.45 levels

GBPJPY: Bearish Despite Recovery Attempts!

As long as 149.27 resistance holds on a daily closing basis, the GBPJPY remains on the downside to the 147.00 levels ahead of the 145.65 levels, above 149.27 sees a recovery risk to the 150.96 levels.

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