Monday, September 24, 2007

Crosses technical analysis

GBP/JPY

The Pound gained against the Yen, and started heading towards the upside, the general trend is to the upside, as targets are now set at 233.53 then 235.02, and the point at 232.53 seems to offer strong demand for the pair.

EUR/JPY

The Euro gained as well against the Yen last week, yet the pair declined back, the upside trend is the valid one, and the point at 161.61 seems to offer strong demand for the pair

EUR/GBP

The Euro dropped slightly against the Pound, as the pair started a correctional move in order to gather some momentum to progress to the upside, and the point at 0.6941 seems to offer good demand for the pair.

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