Crosses Technical Analysis

GBP/JPY

The Pound gained against the Yen, as carry traders gave the pair some momentum to incline back to reach near the first target above the 230.00s, and now the next target is set to be at the 230.60s level, the general trend is up and the point at 227.91 seems to offer good demand for the pair.

EUR/JPY

The Euro is still consolidating against the Yen, as the pair is yet to gather some momentum to reach the upside targets at 165.00s to continue the pair's upside general trend, and the point at 163.44 seems to offer good demand for the pair.

EUR/GBP

The Euro declined against the Pound, as it seems the pair is extending its downside correction, yet the general trend remains well to the upside, and the target remains intact at 0.7200s, and the point at 0.7144 seems to offer good demand for the pair.