Crosses Daily Forecast Oct 17 2017

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EURJPY: Sees Sideways Move!

Outlook in EURJPY has turned neutral at the moment, support comes at the 131.89 levels while resistance comes at the 133.50 levels.

On the upside, above 133.50 will aim the 134.00/134.50 levels ahead of the 136.00 levels. On the downside, below 131.89 will reverse risk to the downside to the 131.35/130.66 levels ahead of the 129.94 levels.

Note: minor resistance comes at the 132.45 levels.

GBPJPY: Bearish Despite Recovery Attempts!

As long as 149.27 resistance holds on a daily closing basis, the GBPJPY remains neutral with risk to the downside to the 147.00 levels, below that level will restore the downside momentum and pave the way to 145.65 levels ahead of 144.17 levels, above 149.27 sees a recovery risk to the 150.96 levels ahead of the 152.85 levels.

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