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Crosses Currencies Analysis 13/12/2010 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Dec 13, 2010.

  1. fxcbsar

    fxcbsar New Member

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    Monday December 13 , 2010

    Crosses Currencies Analysis

    EUR/GBP

    http://www2.fxcbs.com/newsletter/images/EURGBP.gif

    We expect today for the pair Euro against Sterling a decline to the level of 83.510 SMA 50 and SMA 100 still providing strong resistance for the pair , also we could see a saturation in the purchasing process , these expectations require stability of the trading below the level of 84.140.

    Support & Resistance:
    Pair R1 R2 R3 P S1 S2 S3
    EUR/GBP 0.83789 0.83920 0.84142 0.83754 0.83515 0.83380 0.83158

    EUR/JPY

    http://www2.fxcbs.com/newsletter/images/EURJPY.gif

    Determined indicators for the pair Euro against the Japanese Yen show negative sign , but we need a clear penetration for the support level around 110.869, we expect if that penetration happen the pair will decline to the level 110.341.

    Support & Resistance:
    Pair R1 R2 R3 P S1 S2 S3
    EUR/JPY 111.163 111.339 111.631 110.869 110.809 110.633 110.341

    GBP/JPY

    http://www2.fxcbs.com/newsletter/images/GBPJPY.gif

    We expect for the pair Sterling against the Japanese Yen a bullish intraday to the level 133.070 , determined indicators show positive sign which may help the pair to penetrate the level 132.840, these expectations require stability of the trading above the level of 132.131.

    Support & Resistance:
    Pair R1 R2 R3 P S1 S2 S3
    GBP/JPY 132.841 133.077 133.468 132.447 132.366 132.131 131.740

    Crosses Currencies Analysis
    Newsletter
    http://www2.fxcbs.com/newsletter/crosses-analysis.html
     
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