Crosses Technical Analysis

GBP/JPY

The Pound declined slightly against the Yen, yet the pair is most likely to be heading towards the upside and it needs some momentum to progress its upside general trend, and breach the target around the 227.90s in order to reach the next target at 229.20s, and the point at 226.58 seems to offer good demand for the pair.

EUR/JPY

The Euro also declined against the Yen, as the pair is yet to gather some momentum in order to continue the upside general trend, as the targets are still at the 163.70s then at the 165.95s levels, the technical indicators are showing an upside potential, and the point at 161.52 seems to offer good demand for the pair.

EUR/GBP

The Euro declined against the Pound, as the pair continued the 38.2% correctional move on febunacci's retracement, and it seems the pair now is ready to gain again to continue the pair's upside general trend, the first target should be the 0.7150s level, and the point at 0.7110 seems to offer good demand for the pair.