(GBP/JPY)
The royal currency dropped against the Japanese Yen yesterday after it failed in surpassing the key resistance level at the horizontal resistance line at 207.56, but it succeeded in breaching the major support level at 206.10, then it continued dropping to reach the next support level at 203.34 as its lowest set. While today, we expect the pair will continue dropping pressured from the selling side as we saw it in the technical indicators since yesterday.
| Support | 203.50 | 203.08 | 202.60 | 202.07 | 201.80 |
| Resistance | 204.40 | 204.78 | 205.30 | 205.70 | 206.10 |
Recommendation | ... | ||||
(EUR/JPY)
The Euro retreated against the Japanese Yen yesterday in a strong decelerating movement, the thing that helped it to breach the key support level at 162.84 reaching the next support level at 161.14 easily, despite the fact that the pair gained back some of its losses that it faced in the last trading session, where it closed at 161.80 levels, yet expectations are the pair will continue dropping to the downside.
| Support | 161.33 | 161.07 | 160.77 | 160.48 | 160.20 |
| Resistance | 161.80 | 162.25 | 162.50 | 162.85 | 163.10 |
Recommendation | ... | ||||
(EUR/GBP)
The Euro advanced against the British pound yesterday, in a strong movement to the upside, after it failed in surpassing the strong support level at 0.7829 till it reached to the 0.7919 level and closing at it, which was the highest the pair recorded yesterday; with expectations today the pair will continue inclining to the upside as it's seen by technical indicators, especially after we saw some positive signs last night.
| Support | 0.7919 | 0.7903 | 0.7876 | 0.7850 | 0.7830 |
| Resistance | 0.7952 | 0.7982 | 0.8002 | 0.8023 | 0.8040 |
Recommendation | ... | ||||