Tuesday, October 2, 2007

crosses technical analysis 02-10-2007

GBP/JPY

The Pound inclined yesterday against the Yen and reached the target at 237.00s yet could not breach it, as the pair declined back; the target is still the same at the 237.00s, and the point at 234.68 seems to offer good demand for the pair.

EUR/JPY

The Euro also gained against the Yen yesterday before starting heading to the downside in a correctional move, and the target is the 166.12, and the point at 163.40 seems to offer good demand for the pair.

EUR/GBP

The Euro gained back against the Pound, as the pair started heading towards the upside today to continue the general upside trend, the long term target is the 0.7078 level, and the point at 0.6941 seems to offer good demand for the pair.

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