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The Pound inclined against the Yen
By: Crown Forex - 27-12-2007
0votes(GBP/JPY)
The Pound inclined against the Yen as investors resumed their Carry Trades on the Yen, the short term indicators are showing an upside potential for the pair to reach the next target at 227.20s, and the point at 225.81 seems to offer good demand for the pair.Support 226.41 226.08 225.81 225.40 225.03 Resistance 226.86 227.35 227.74 228.07 228.51 Recommendation
... (EUR/JPY)
The Euro gained against the Yen as well as investors sold the Yen in what is know as the Carry Trades, the short term indicators are showing an upside potential too for the pair to reach the next targets at 167.20s then 168.80s, and the point at 165.19 seems to offer good demand point for the pair.Support 165.46 165.19 164.89 164.58 164.31 Resistance 165.70 166.03 166.27 166.58 166.88 Recommendation
... (EUR/GBP)
The Euro gained against the Pound to hit the target at 0.7300s but couldn't hold above it, and now even if the short term technical indicators are showing the pair resides in an overbought area yet they are showing an upside potential as well, as the next target is set to be at the 0.7315s level, and the point at 0.7280 seems to offer good demand for the pair.Support 0.7290 0.7280 0.7270 0.7260 0.7245 Resistance 0.7300 0.7315 0.7325 0.7335 0.7350 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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