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Cross Rates

By:   Crown Forex
  • 03-10-2008
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EUR/JPY

The Euro also fell against the Japanese Yen with the pair seemingly heading towards the 38.2% correctional level at 138.99 for the long term upside wave which ended back in July, the momentum indicators however were showing the pair was being traded within an oversold area on intraday basis and that led the pair to rise back, yet as long as it remains trading below the 150.85 the pair will still be targeting the downside.

Support 145.94 145.54 145.02 144.62 144.28
Resistance 146.23 146.60 146.93 147.39 147.84
Recommendation ...

GBP/JPY

The Pound fell yesterday against the Japanese Yen as the pair failed to rise back above the 186.59 resistance which pushed the pair back to the downside yet today the pair bounced back since it was being traded within an oversold area according to the momentum indicators, the pair seems to be attempting to breach the 186.59 in order to acquire the next target at 187.64.

Support 145.94 145.54 145.02 144.62 144.28
Resistance 146.23 146.60 146.93 147.39 147.84
Recommendation ...

GBP/JPY

The Pound fell yesterday against the Japanese Yen as the pair failed to rise back above the 186.59 resistance which pushed the pair back to the downside yet today the pair bounced back since it was being traded within an oversold area according to the momentum indicators, the pair seems to be attempting to breach the 186.59 in order to acquire the next target at 187.64.
Support 186.02 185.55 185.11 184.65 183.93
Resistance 186.59 187.08 187.52 188.04 188.49
Recommendation ...


EUR/GBP

The Euro fell against the British Pound as the pair breached the support level at 0.7843 which provided the pair with further downside momentum, however the support level at 0.7809 was able to stop the downside wave and provided the pair with some momentum to rise back, the pair might continue its downside wave given it remains trading below 0.7843 and the target for this downside wave will be set at 0.7767.

Support 0.7828 0.7820 0.7809 0.7795 0.7780
Resistance 0.7843 0.7852 0.7865 0.7878 0.7899
Recommendation ...

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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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