Crosses Currencies Analysis 13/12/2010 FXCBS

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
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