Technical Analysis for Crosses

EUR/JPY

The Euro declined as well against the Yen yesterday to the 50% correctional level at 160.80 which provided the pair with strong upside momentum to rise back above the 200 days Moving Average at 162.08 today, over the short term the pair is being heavily oversold, however we might see a slight drop on intraday basis before the pair can be able to continues its upside wave, that targets the 162.97 at least.

Support: 162.08, 161.77, 161.34, 160.80, 160.33
Resistance: 162.47, 162.97, 163.32, 163.61, 163.90

GBP/JPY

The Pound declined yesterday against the Yen but since the pair couldn’t close below the 50% correctional level at 204.19, it rebounded back to the upside, the momentum indicators are providing upside signals over the short term, however on intraday basis the pair might drop back to the 204.19 to gather more upside momentum, as the target is set to be at the 206.93 level, which might hold the pair's upside expected wave.

Support: 204.62, 204.19, 203.75, 203.36, 202.87
Resistance: 205.17, 205.72, 206.33, 206.93, 207.37

EUR/GBP

The Euro continued to rise against the Pound after acquiring strong upside momentum from the 0.7863 support level, however the pair is still not able to breach the 100 days Moving Average at 0.7920 which is limiting the pair's gains so far, if the pair was finally able to breach this level the next target will be set at 0.7949, however failing to breach the 0.7920 would send the pair back to the 0.7860s levels.

Support: 0.7904, 0.7890, 0.7877, 0.7863, 0.7847
Resistance: 0.7920, 0.7933, 0.7949, 0.7960, 0.7975

Crown Forex

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