Technical Analysis for Crosses

GBP/JPY

The Pound started to gain back today against the Yen after the had been undergoing a correction that took the pair to the 50.0% correctional level at 200.79, now the short term momentum indicators are showing the pair is being traded within an overbought area and needs another slight correction before rising again, the pair might be targeting the 202.75 and breaching this level would confirm further upside targets, while strong demand is seen around the 61.8% level at 198.90s and it's very unlikely the pair would breach this level.

Support: 200.79, 200.27, 199.56, 198.91, 198.39
Resistance: 201.50, 202.15, 202.73, 203.38, 203.97

EUR/JPY

The Euro declined last week against the Yen to extend its correction beyond the 38.2% correctional level at 159.90s and now the pair is trading among the 38.2% level and the 50% level at 158.30s which offers strong demand for the pair, should the pair continue its upside wave it must breach the 159.90s resistance, yet the pair will face a strong level around the 159.40s represented by the 50 days Moving Average.

Support: 158.82, 158.39, 157.87, 157.32, 156.85
Resistance: 159.37, 159.93, 160.44, 160.95, 161.47

EUR/GBP

The Euro gained last week against the Pound, yet the pair started to slightly decline this morning in order to gather strong momentum that could take the pair to the upside to acquire higher targets, the momentum indicators are showing the pair started to reverse its bearish wave and the first target is set at 0.7940s, while the point at 0.7890 offers strong demand for the pair.

Support: 0.7900, 0.7890, 0.7880, 0.7865, 0.7850
Resistance: 0.7917, 0.7931, 0.7945, 0.7960, 0.7975

Crown Forex

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