Crosses Daily Forecast Sept 02 2019

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Crosses-6598986

EURJPY Bearish Sees Further Weakness!

As long as 117.02 broken support – turned resistance – holds on a daily closing basis, the EURJPY remains on the downside to 116.32 level. A halt is likely, it may test 117.02 before attempts to break lower. Anyway; below 116.32 aims 115.88 level. Next support comes at 115.25 level ahead of 114.68 levels. On the upside, resistance comes at 117.02 level. Above that level sees recovery threats to 117.72/118.15 levels before another fall…

In conclusion: The EURJPY remains under heavy pressure below 117.02 levels.

Support: 116.32, 115.88, 115.25, 114.68, 113.93, 113.35

Resistance: 117.02, 117.72, 118.15, 119.23, 120.03, 120.45

Crosses Daily Forecast Sept 02 2019-EURJPYGBPJPY: Faces Pullback Threats

As long as 130.33 resistance holds on a daily closing basis. The GBPJPY remains on a pullback mode and further down couldn’t be ruled out. Support comes at 128.67 levels. A cut through support will extend the corrective pullback to 127.11 levels. Furthermore, aims the 125.68 level ahead of 125.10. On the upside, above 130.33 will restore the upside momentum and pave the way to 131.90/132.85 levels.

Support: 128.67, 127.11, 125.68, 125.10, 124.07

Resistance: 130.33, 131.90, 132.85, 134.45, 135.40

Crosses Daily Forecast Sept 02 2019--GBPJPY

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