Monday, December 24, 2007

Crosses Technical Analysis

GBP/JPY

The Pound settled against the Yen, as low volume is dominating today's trading ahead of the holidays, the short term technical indicators are showing an upside potential for the pair to continue its upside general trend, yet it's very unlikely that we see any huge movements in the upcoming days, and the point at 225.81 seems to offer good demand for the pair.

EUR/JPY

The Euro inclined against the Yen last week to reach the 164 level, and settled today as low volume is dominating today's trading, the short term technical indicators are still showing an upside potential to continue the pair's upside general trend, and the point at 163.74 seems to offer good demand for the pair today.

EUR/GBP

The Euro gained heavily against the Pound last week, and the technical indicators are still showing an upside potential, as the next long term target is set to be at the 0.7310s, yet as low volume is expected to dominate today's trading we don't expect such a huge movement in the next couple of days, and the point at 0.7245 seems to offer good demand for the pair.

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