Crosses Monthly Forecast Aug 2016

“EURGBP: Bullish But Hesitates Ahead Of The Key Resistance “

EURGBP: As long as 0.8116 support holds on a monthly closing basis, the EURGBP remains on the upside towards the 0.8476 levels, a halt is likely and a reversal may occur, however; above 0.8476 would open 0.8768 next, further upside, resistance comes at the 0.9081 levels. On the downside, below 0.8116 sees a pullback risk towards the 0.7597 levels before the next rise…

Crosses Monthly Forecast Aug 2016-EURGBP

“EURJPY: Holds Below 115.00 Resistance, Downside Risk Remains To 106.00”

EURJPY: As long as 115.00 resistance holds on a monthly closing basis, the EURJPY remains on the 105.97 levels, a halt is likely and a reversal may occur but a cut through the 105.97 will pave the way towards the 95.15 levels ahead of the 87.70 levels…On the upside, above 115.00 faces a recovery risk towards the 119.22/122.44 levels before the next fall, above 122.44 will extend recovery towards the 128.15/132.00 levels…

Crosses Monthly Forecast Aug 2016-EURJPY
“GBPJPY: Weakens, Eyes The 125.00 levels”

GBPJPY: As long as 139.10 resistance holds on a monthly closing basis, the GBPJPY remains on the downside towards the 125.67 levels. At this point,I’d expect a strong support from the 125.67 levels to contain recent fall and bring a strong rebound, however; below 125.67 sees a fall risk towards the 116.82 levels ahead of the 110.00 levels…On the upside, above 139.10 faces a recovery risk towards the 147.60 levels before the next fall…

Crosses Monthly Forecast Aug 2016-GBPJPY




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