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The Euro inclined against the Yen last week to reach the 164 level
By: Crown Forex - 24-12-2007
0votes(GBP/JPY)
The Pound settled against the Yen, as low volume is dominating today's trading ahead of the holidays, the short term technical indicators are showing an upside potential for the pair to continue its upside general trend, yet it's very unlikely that we see any huge movements in the upcoming days, and the point at 225.81 seems to offer good demand for the pair.Support 226.14 225.81 225.31 224.76 224.32 Resistance 226.53 226.97 227.41 227.74 228.07 Recommendation
... (EUR/JPY)
The Euro inclined against the Yen last week to reach the 164 level, and settled today as low volume is dominating today's trading, the short term technical indicators are still showing an upside potential to continue the pair's upside general trend, and the point at 163.74 seems to offer good demand for the pair today.Support 164.04 163.74 163.47 163.20 162.97 Resistance 164.31 164.58 164.89 165.19 165.46 Recommendation
... (EUR/GBP)
The Euro gained heavily against the Pound last week, and the technical indicators are still showing an upside potential, as the next long term target is set to be at the 0.7310s, yet as low volume is expected to dominate today's trading we don't expect such a huge movement in the next couple of days, and the point at 0.7245 seems to offer good demand for the pair.Support 0.7245 0.7230 0.7220 0.7210 0.7195 Resistance 0.7260 0.7270 0.7280 0.7290 0.7300 Recommendation
...
Next Analysis: U.S. Forex Market CommentaryContent 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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