Thursday, December 13, 2007

Crosses Technical Analysis

GBP/JPY

The Pound inclined against the Yen yesterday to reach the target at 230.30s that we talked about earlier yet could not hold above it as the pair dropped back today, yet the general trend is to the upside, and the pair is expected to continue inclining once again, the point at 227.35 seems to offer good demand for the pair.

EUR/JPY

The Euro climbed yesterday against the Yen to breach the 164.10s target, and now the next target is set to be at the 165.00s level, the general trend remains well to the upside, and the technical indicators are still showing an upside potential, and the point at 163.64 seems to offer good demand for the pair.

EUR/GBP

The Euro gained against the Pound as the pair climbed above the 0.7200s level and now the target is set to be at the 0.7240s level, the general trend is to the upside, as the technical indicators reversed and showing an upside potential now, and the point at 0.7195 seems to offer good demand for the pair.

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