Technical Analysis for Crosses

Forex Technical Analysis Reports Written by Crown Forex Aug 20 07 08:03 GMT

GBP/JPY

The Pound started to gain back against the Yen, and now the first target is set at the 231.60s level, yet the general trend is neutral so far, and the level at 227.53 seems to offer good demand for the pair.
Support: 228.08, 227.71, 227.53, 227.29, 226.85 Resistance: 228.64, 228.95, 229.13, 229.50, 229.87

EUR/JPY

The Euro started to incline against the Yen as well, yet we need more confirmation about the upside trend, and the level at 155.18 seems to offer good demand for the pair.
Support: 155.38, 155.18, 154.98, 154.74, 154.55 Resistance: 155.70, 155.86, 156.05, 156.29, 156.53

EUR/GBP

The Euro has the upper hand so far against the Pound, as the pair reached the second target at 0.6825s, yet fell back to the 0.6790 levels, which represents a resistance now for the pair, the point at 0.6769 seems to offer good demand for the pair.

Support: 0.6780, 0.6769, 0.6752, 0.6735, 0.6723

Resistance: 0.6790, 0.6800, 0.6810, 0.6825, 0.6835