Wednesday, September 19, 2007

crosses technical analysis 19-09-2007

GBP/JPY

The Pound gained back against the Yen, as investors started a selling wave on the Yen, now targets are set at the 234.95 then 235.72, and the point at 232.53 seems to offer strong demand for the pair.

EUR/JPY

The Euro continued to incline against the Yen, as the pair breached the 160.00 resistance level and progressed the upside channel, the first target is now set at 162.91, and the point 161.45 seems to offer strong demand for the pair.

EUR/GBP

The Euro against the Pound pair, started heading towards the downside affected by profit taking transactions, the general trend for the pair is still to the upside, targets are set at 0.6952 then 0.6967, and the point at 0.6930 seems to offer good demand for the pair.

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