Crosses Technical Analysis

GBP/JPY

The Pound dropped further yesterday against the Yen, as the pair is still showing a downside potential on the short term, though the medium to long term trends remain well to the upside, and the long term target is set to be at the 230.20s level, while the point at 223.90 seems to offer good demand for the pair.

EUR/JPY

The Euro settled against the Yen yesterday, as the pair is yet to gather some momentum that will take it to he upside to progress its upside general trend, targets now are set to be at the 164 level, while the point at 161.89 seems to offer good demand for the pair.

EUR/GBP

The Euro continued to incline against the Pound yesterday, as the pair breached the 0.7200 level again and the short term indicators are still showing more room for an upside wave, the general trend remains well to the upside, and the first target is set to be at the 0.7250s level, while the point at 0.7195 seems to offer good demand for the pair.