Crosses Daily Forecast Oct 27 2017

EURJPY: Faces Pullback Threats!

As long as 134.50 resistance holds on a daily closing basis, the EURJPY remains in a pullback mode and further down could be seen, support comes at the 132.65 levels, a halt is likely but a cut will extend the pullback to the 131.89/131.35 levels ahead of the 130.66 levels. On the upside, resistance comes at the 133.17/133.75 levels ahead of the 134.50 levels (main), above that level will restore the upside momentum and turn the focus on the 136.05 levels.

GBPJPY: Consolidates With Upside Bais!

As long as 149.09 support holds on a daily closing basis the GBPJPY remains on the upside to the 150.96 levels, a halt is likely but a break will aim the 152.85 levels ahead of the 155.00 levels, below 149.09 sees a pullback risk to the 147.89 levels before another rising…below 147.89 will aim the 147.00 levels.