Technical Analysis for Crosses

EUR/JPY

The Euro also fell heavily against the Japanese Yen as the pair was able to breach the 151.56 support level but the downside movement stopped at the 148.83 level which provided the pair with some strength to rise back, since the pair was being traded within an oversold area on intraday basis, however this slight rebound will not persist if the pair failed to breach the 151.56 level again.

Support: 149.56, 149.14, 148.87, 148.45, 148.03
Resistance: 149.99, 150.36, 150.78, 151.20, 151.56

GBP/JPY

The Pound fell yesterday against the Japanese Yen as turbulence continue in the financial markets, the pair breached the 189.39 level and now seems to be heading towards the 186 levels, however the momentum indicators are showing that the pair I being traded within an oversold area and that might call for an upside correction on intraday basis and only breaching the 189.39 would open the way back for the pair to climb back to the 190.94 level.

Support: 187.62, 187.15, 186.75, 186.35, 186.02
Resistance: 188.21, 188.81, 189.39, 189.87, 190.20

EUR/GBP

The pair rose yesterday from the support level at 0.7909 to hit the resistance at 0.8029 which prevented the pair from rising further and pushed it back below the 0.8000 psychological barrier which now stands ahead of the pair's upside wave, the momentum indicators are still providing further upside signals as no signs of divergence emerged yet, however the pair must breach the 0.8000 levels and settle above it in order to be able to acquire higher targets.

Support: 0.7964, 0.7952, 0.7937, 0.7925, 0.7909
Resistance: 0.7975, 0.7987, 0.8002, 0.8016, 0.8029

Crown Forex

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