EUR/JPY
The Euro also rose against the Yen last week but the pair was still not able to close above the 169.47 resistance level and due to the fact the pair is being overbought, we expect the pair to drop this week in a correctional wave that targets the 168.00s level at least, however if the pair was able to breach the 169.47 upside targets will become valid at 170.06, 170.80, and 171.30s.
| Support | 169.19 | 168.98 | 168.65 | 168.36 | 168.01 |
| Resistance | 169.47 | 169.68 | 170.06 | 170.45 | 170.86 |
| Recommendation | ... | ||||
GBP/JPY
The Pound rose against the Yen last week after the pair was able to breach the 211.23 level successfully, yet the pair must breach the 213.31 resistance level to confirm any further upside waves that targets the 215.73 at least, but the momentum indicators are showing the pair is being traded within an overbought area on the short term and that might lead the pair to drop back in a correctional wave, however on intraday basis the pair still can rise to retest the 213.31 level again.
| Support | 212.74 | 212.13 | 211.73 | 211.23 | 210.75 |
| Resistance | 213.31 | 213.84 | 214.45 | 214.88 | 215.30 |
| Recommendation | ... | ||||
EUR/GBP
The Euro continues to rise against the Pound as the pair remains trading within a limited range among the 0.7902 support level and the 0.7981 resistance, the momentum indicators adjusted now and are providing the pair now with upside signals over the short term, however we might see the pair drops back in slight correctional waves to adjust the momentum on intraday basis, and the level at 0.7931 offers good demand for the pair.
| Support | 0.7958 | 0.7944 | 0.7931 | 0.7918 | 0.7902 |
| Resistance | 0.7970 | 0.7981 | 0.7993 | 0.8003 | 0.8017 |
| Recommendation | ... | ||||