Crosses Technical Analysis

GBP/JPY

The Pound gained back against the Yen yesterday and continued to incline since early this morning, the short term indicators are showing an upside potential for the par today, the general trend is still to the upside as long the 111 level remains intact, and the point at 215.07 seems to offer good demand for the pair.

EUR/JPY

The Euro also inclined against the Yen yesterday and continued its upside move since early this morning, the short term technical indicators are showing an upside potential, as the general trend for the pair remains well to the upside, the next target is set to be at the 161.40s level, and the point at 160.50 seems to offer good demand for the pair.

EUR/GBP

The Euro declined against the Pound in a correctional move that took the pair to the downside, though the general trend is still to the upside, but the pair might continue its downside correctional move, and the point at 0.7425 seems to offer good demand for the pair.