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(GBP/JPY)
The Pound managed to incline against the Yen yesterday, as the pair now resides around the critical resistance level at 201.90 which might prevent the pair from continuing its bullish wave, the short term technical indicators though are still pointing for more upside potential while the point at 200.96 offers good demand for the pair.
| Support | 201.55 | 200.96 | 200.43 | 199.82 | 199.29 |
| Resistance | 201.90 | 202.38 | 202.83 | 203.22 | 203.63 |
Recommendation | ... | ||||
(EUR/JPY)
The Euro also managed to incline yesterday against the Yen, penetrating the critical level at 157.75; the short term technical indicators are still showing further upside signals and targets the 159.50s level, while the point at 157.75 offers strong demand for the pair.
| Support | 158.93 | 158.59 | 158.15 | 175.75 | 157.31 |
| Resistance | 159.38 | 159.81 | 160.13 | 160.64 | 161.09 |
Recommendation | ... | ||||
(EUR/GBP)
The Euro continued loosing ground against the Pound, the pair dropped in a needed correctional wave that took the pair beyond the strong level at 0.7890 yet good demands at 0.7850s took the pair back to the upside; the pair now might drop to the 0.7790 which offers strong demand for the pair if the 0.7850 was breached, while the pair's target remains set at 0.8000.
| Support | 0.7865 | 0.7850 | 0.7840 | 0.7830 | 0.7815 |
| Resistance | 0.7880 | 0.7890 | 0.7900 | 0.7915 | 0.7930 |
Recommendation | ... | ||||
EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...
USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...
In this PDF you will find the latest technical analysis published by Forex Trends
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