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The Pound inclined against the Yen as investors returned to Carry Trades

By:

Crown Forex

2007-10-12

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(GBP/JPY)

The Pound inclined against the Yen as investors returned to Carry Trades, the technical parameters adjusted to show an upside potential to progress the pair's upside general trend, the targets are set to be at the 229.10s then 230.30s, and the point at 226.08 seems to offer good demand for the pair.

Support	226.86	226.53	226.08	225.59	225.35
Resistance	227.35	227.74	228.29	228.79	229.29
Recommendation	...

(EUR/JPY)

The Euro settled against the Yen but its inclining gradually as investors are back on holding Carry Trades, the General trend for the pair remains well to the upside, and targets are set at 164.10s on the short term and the 168..40s on the long term, and the point at 162.97 seems to offer good demand for the pair.

Support	163.47	163.20	162.97	162.66	162.39
Resistance	163.74	164.04	164.31	164.58	164.89
Recommendation	...

(EUR/GBP)

The Euro declined slightly against the Pound in a correctional move as the pair inclined heavily last week, yet the general trend remains well to the upside, and targets are set at the 0.7227s then 0.7250s, while the point at 0.7195 seems to offer good demand for the pair.

Support	0.7210	0.7195	0.7181	0.7170	0.7159
Resistance	0.7220	0.7230	0.7245	0.7260	0.7270
Recommendation	...

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CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal ...

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