Wednesday, December 26, 2007

Crosses Technical Analysis

GBP/JPY

Due to the holiday's thin volume, the pair GBPJPY stayed calm, between the 223.80 levels and 227.12, we see another adjustment towards the upside.

EUR/JPY

The Euro is still inclining against all majors, yet with the holidays' thin volume, it looks like its going to stay calm between 164.70 and 167.70, while the wider range is between 162.31 and 164.73.

EUR/GBP

The target at 0.7300 almost met, we don’t expect further hikes above it before the New Year, yet it looks very supported from the downside with a slight possibility to go below 0.7230.

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