Crosses Technical Analysis

GBP/JPY

The Pound declined yesterday against the Yen as investors reduced their Carry Trades, yet it started to incline back since early this morning, the general trend remains well to the upside, and the technical indicators are still showing an upside potential for the pair to reach the next target at 230.30s, and the point at 226.08 seems to offer good demand for the pair.

EUR/JPY

The Euro also declined against the Yen yesterday due to a huge selling wave, yet the pair inclined back today, to continue with it upside general trend, the technical indicators are showing an upside potential, as the first target is the 164.10s level, and the point at 162.80 seems to offer good demand for the pair.

EUR/GBP

The Euro gained against the Pound yesterday but dropped slightly today, the technical indicators are showing a downside potential for the pair to continue its correction, the general trend remains in favor of the Euro, and the point at 0.7159 seems to offer good demand for the pair.