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Crosses Currencies Analysis 6/01/2011 FXCBS

Discussion in 'Major Currency Crosses' started by fxcbsar, Jan 6, 2011.

  1. fxcbsar

    fxcbsar New Member

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    Thursday January 6 , 2011

    Crosses Currencies Analysis

    EUR/GBP

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

    Stochastic indicators for the pair Euro against the Sterling showing positive sign which may push the pair to rise up to the target of 0.84250 first then to the level of 0.85050, these expectations require a closing four hours candlestick above the level of 0.84000.

    Support & Resistance:
    Pair R1 R2 R3 P S1 S2 S3
    EUR/GBP 0.84953 0.85141 0.85460 0.84953 0.84555 0.84359 0.84040

    EUR/JPY

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

    The pair Euro against the Japanese Yen still trading below the level of 127.2% Fibonacci , determined indicators still showing negative sign , all of that lead us to expect that the pair will decline more today , but we need clear penetration for the level of 108.500.

    Support & Resistance:
    Pair R1 R2 R3 P S1 S2 S3
    EUR/JPY 109.803 110.143 110.712 109.240 109.121 108.781 108.212

    GBP/JPY

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

    Determined indicators for the pair Sterling against the Japanese Yen showing negative sign also strength indicator now around 70.000 so we expect that the pair will decline today to the level of 128.170 then 127.340, these expectations require a clear penetration for the level of 128.500.

    Support & Resistance:
    Pair R1 R2 R3 P S1 S2 S3
    GBP/JPY 129.650 130.142 130.972 128.617 128.610 128.173 127.343

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