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Technical Analysis
By: Crown Forex - 21-12-2007
0votes(GBP/JPY)
The Pound/Yen pair and just as expected continued its bearish movement yesterday, reaching to a very strong support and a trend line at 223.50, if this line is penetrated even the long term upside trend will be penetrated, so look today to buy dips around that level.
Support 224.35 223.91 223.51 222.90 222.35 Resistance 225.10 225.35 225.90 226.45 227.10 Recommendation
... (EUR/JPY)
The Euro pair is still stuck in a very thin range, still marinating the upside trend over the medium to long term trends, yet over the short term it looks neutral with more of a bearish tendency, yet target are really tied. The level 163.09 looks like a good supply point, while 162.10 offer a good demand.Support 162.25 162.10 161.85 161.25 160.90 Resistance 162.65 163.09 163.55 163.89 164.74 Recommendation
... (EUR/GBP)
The Euro is still climbing against the pound as we expected, recording a new all time high at 0.7248 so far, and heading solidly towards the 0.7300 area, where demand today is seen around the 0.7225 levels.Support 0.7237 0.7225 0.7210 0.7184 0.7170 Resistance 0.7250 0.7274 0.7295 0.7300 0.7305 Recommendation
...
Next Analysis: Michigan Consumer Sentiment indexContent 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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