Tuesday, September 18, 2007

crosses technical analysis 18-09-2007

GBP/JPY

As investors bought back the Yen, the Pound dropped heavily against it, taking the GBP/JPY pair back to the 229s level, the general trend is still to the upside, and the point at 228.64 seems to offer good demand for the pair.

EUR/JPY

The Euro declined against the Yen as well, after the pair could not breach the 160.02 level yesterday, the general trend is still to the upside, and the point at 158.56 seems to offer good demand for the pair.

EUR/GBP

The Euro continued gaining against the Pound, and reached the long term target at 0.6956 yet could not hold above it, the point at 0.6930 seems to offer good demand for the pair.

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