Crosses technical analysis

GBP/JPY

A huge selling wave took place on majors yesterday, including the Pound which dropped heavily against the Yen, the general trend is still to the upside, yet the short term indicators haven't shown any reversal from its downside trend, and the point at 225.38 seems to offer good demand for the pair.

EUR/JPY

The Euro was also affected by the selling wave, dropping against the Yen as well, the pair now completed the 50.0% correction on the Febuancci retaracement, yet the general trend remains well to the upside, and the point at 159.51 seems to offer good demand for the pair.

EUR/GBP

The Euro continued to gain against the Pound, as the pair reached the target at 0.7080s, and now the next target for the pair will be the 0.7090s level and then might try the 0.7100, the technical indicators are still showing an upside potential, and the point at 0.7050 seems to offer good demand for the pair.