Monday, September 17, 2007

crosses technical analysis 17-09-2007

GBP/JPY

The Pound against the Yen is still consolidating, as the pair is yet to gather some momentum to progress the upside channel, the general end is still up, and the point at 229.88 seems to offer strong demand for the pair.

EUR/JPY

The Euro inclined against the Yen, and the targets at 160.55 and 161.44 are now close, the general trend is still up, and the pair resides around the 200 moving average at 160.00, and the point at 159.35 seems to offer strong demand for the pair.

EUR/GBP

The Euro continued to incline heavily against the Pound, and the technical indicators show the pair is in an overbought area, yet the target remains at the 0.6956 level, and the point at 0.6904 seems to offer good demand for the pair.

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