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The pound declined massively against all majors
By: Crown Forex - 20-12-2007
0votes(GBP/JPY)
The pound declined massively against all majors yesterday, breaking a major trend line over the short term against the yen, the pair looks more bearish now, and the technical indicator are still giving more signal to the downside, yet the general trend is still for the upside, the level 227.05 sound like a good supply for the pair.Support 225.50 225.25 224.70 224.35 232.94 Resistance 225.93 226.45 226.85 227.04 227.85 Recommendation
... (EUR/JPY)
The Euro pair is pretty much 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 and still gaining against the British pound, breaking to the upside and reaching above 0.7200 level, all of it confirming along with all technical indicators, hinting to a new target at 0.7300, where the level 0.7184 offer a good demand for the pain.Support 0.7184 0.7175 0.7155 0.7135 0.7120 Resistance 0.7210 0.7225 0.7240 0.7270 0.7300 Recommendation
...
Next Analysis: Currency Majors 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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