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By: Crown Forex - 01-10-2008
0votesEUR/JPY
The pair is consolidating within narrow ranges between the 149.03 support and the 150.59 resistance level. The Relative strength indicator on the four hour chart is showing the need for an upside correction supported by the Stochastic indicator on the daily charts as the pair is being oversold. Yet we don't expect the upside movement to be strong enough to breach the mentioned resistance level.Support 149.29 149.03 148.75 148.59 148.27 Resistance 149.76 150.13 150.31 150.59 150.84 Recommendation ...
GBP/JPY
The 61.8% correction level for the descending channel at 187.78 was able to halt further losses yesterday resulting in a rebound to the upside as the pair is currently trading within very narrow levels. However, we could perhaps see an upside correction as the pair is being slightly oversold on the daily and weekly charts that could take the pair back to the 190 levels.Support 188.55 187.78 187.09 186.57 186.14 Resistance 189.52 190.05 190.56 190.98 191.40 Recommendation ...
EUR/GBP
Trading is of low volumes today as the direction and momentum indicators show a neutral trend. We expect trading to continue through this pattern unless we see a successful breach of the 0.7905 support or 0.7935 resistance that will lead the pair to reach new levels.Support 149.29 149.03 148.75 148.59 148.27 Resistance 149.76 150.13 150.31 150.59 150.84 Recommendation ...
Next Analysis: Currency Technical AnalysisContent Provided by:
Crown Forex
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 de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
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