Thursday, September 27, 2007

crosses technical analysis 27-09-2007

GBP/JPY

The pair started its incline after it bypassed the 232 barrier, heading now to the major pivot point at 235.50, the technical indicators started to adjust to give more strong signals to the upside while the volume is giving the pair some momentum. The point 233.00 seems to offer the first demand point.

EUR/JPY

The European currency is still gaining against its all mates, and the Japanese yen had its share, after breaking the 161.90 level the pair is heading now towards the 164.50, and eventually to the all time high at 169.00 almost. The technical indicators started to give some more powerful signals to the upside. And the level 163.30 seems to offer the first demand for the pair.

EUR/GBP

The European currency declined slightly today after reaching above the 0.7000 barrier earlier this week, the decline was based on some strength the British Pound that he gained from strong houses data. Yet the pair is still above the 0.6990 which make this decline just a slight correction with a demand on this particular level.

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