Crosses Daily Forecast Oct 18 2017

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: neckline comes at the 133.50 levels, above that level will activate the bullish divergence.

GBPJPY: Consolidates Below Resistance 149.27…

As long as 149.27 resistanceĀ holds on a daily closing basis, the GBPJPY remains neutral with riskĀ 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.