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The Pound declined heavily last week against the Yen
By: Crown Forex - 31-12-2007
0votes(GBP/JPY)
The Pound declined heavily last week against the Yen, as investors reduced their carry trades, the short term technical indicators are showing a downside potential but strong supports are emerging, the general trend remains to the upside and the point at 223.16 seems to offer good demand for the pair.Support 223.60 223.16 222.66 222.11 221.50 Resistance 223.98 224.32 224.76 225.03 225.42 Recommendation
... (EUR/JPY)
The Euro also declined against the Yen, as investors reduced their carry trades, the short term indicators are showing a downside potential for the pair, though the general trend remains well to the upside, and the point at 164.45 seems to offer good demand for the pair.Support 164.79 164.45 164.18 163.88 163.61 Resistance 165.06 165.36 165.63 165.87 166.17 Recommendation
... (EUR/GBP)
The Euro continued to gain against the Pound, as the pair inclined heavily last week, and now the new target is set at the 0.7390s, the general trend remains well to the upside, while the short term technical indicators are still showing an upside potential, the point at 0.7350 seems to offer good demand for the pair.Support 0.7370 0.7360 0.7350 0.7340 0.7330 Resistance 0.7380 0.7390 0.7400 0.7410 0.7420 Recommendation
...
Next Analysis: GBP/USDContent 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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