(GBP/JPY)
The British pound dropped against the Japanese Yen in yesterday's trading after failing to breach the major resistance which is located at the horizontal resistance level at 208.20 till it reached to the major support level at 206.44, due to that some negative technical signals were ensured, which might lead the pair today in a downside movement reaching to the sensitive support level at 204.40 with the existence of negative momentum for today.
| Support | 206.66 | 206.40 | 206.00 | 205.70 | 205.37 |
| Resistance | 207.05 | 207.35 | 207.77 | 208.22 | 208.65 |
Recommendation | ... | ||||
(EUR/JPY)
The Euro moved in a neutral pattern against the Japanese Yen yesterday, due to the low momentum, the thing that set the pair to trade in narrow ranges, closing near the opening levels. Today expectations are that the Euro will rise against the Yen which is shown in the technical indicators, in addition to staying above the major support level at 162.00.
| Support | 162.44 | 162.30 | 161.80 | 161.33 | 161.07 |
| Resistance | 162.85 | 163.10 | 163.55 | 163.90 | 164.22 |
Recommendation | ... | ||||
(EUR/GBP)
The European currency rose against the British pound in yesterday's trading session, after succeeding in building an upside pattern in addition to remaining above the major support level at 0.7820, reaching to the major resistance level at 0.7872; expectations are the pair will continue rising due to the positive momentum, at the time technical indicators are confirming the upside trend which targets the major resistance level at 0.7920.
| Support | 0.7832 | 0.7803 | 0.7776 | 0.7750 | 0.7730 |
| Resistance | 0.7882 | 0.7900 | 0.7922 | 0.7940 | 0.7963 |
Recommendation | ... | ||||