Yes it can be transmission issue,as per the problem.In this condition i suggest to you to go through the procedure mentioned in following help links.Click the link below and go through troubleshooting procedure to confirm the problem :-----Engine stumbles and shuts
off in forward gear?
http://schematicsdiagram.blogspot.com/2012/01/engine-stumbles-and-shuts-off-in.html-----------Transmission problem?
http://schematicsdiagram.blogspot.com/2012/01/transmission-problem.html
---------Automatic transmission will not go into high gear?
http://howtobyme.blogspot.com/2011/11/automatic-transmission-will-not-go-into.html
------------Transmission shifting
problem on Toyota Land
cruiser?
http://schematicsdiagram.blogspot.com/2012/01/transmission-shifting-problem-on-toyota.html
---------Transmission Slips out of gear?
http://repairhelpcenter.blogspot.in/2012/02/transmission-slips-out-of-2nd-gear.html
---------OD light flashing and transmission fluid
leaking?
http://repairhelpcenter.blogspot.in/2012/02/od-light-flashing-and-transmission.html
-----------Overdrive light in the dash blinks?
http://repairhelpcenter.blogspot.com/2012/01/overdrive-light-in-dash-blinks.html
----------O/D OFF light flashes ?
http://technoanswers.blogspot.com/2012/01/od-off-light-flashes-on-ford-explorer.html
---------While going in reverse mode
Fuse number 27 blows?
http://howtobyme.blogspot.in/2012/02/while-going-in-reverse-mode-fuse-number.html
---------This will help.Thanks.
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