Crosses Technical Analysis

GBP/JPY

The Pound inclined against the Yen as investors resumed their Carry Trades on the Yen, the short term indicators are showing an upside potential for the pair to reach the next target at 227.20s, and the point at 225.81 seems to offer good demand for the pair.

EUR/JPY

The Euro gained against the Yen as well as investors sold the Yen in what is know as the Carry Trades, the short term indicators are showing an upside potential too for the pair to reach the next targets at 167.20s then 168.80s, and the point at 165.19 seems to offer good demand point for the pair.

EUR/GBP

The Euro gained against the Pound to hit the target at 0.7300s but couldn't hold above it, and now even if the short term technical indicators are showing the pair resides in an overbought area yet they are showing an upside potential as well, as the next target is set to be at the 0.7315s level, and the point at 0.7280 seems to offer good demand for the pair.