Technical Analysis for Crosses

Daily Forex Technicals | Written by Crown Forex | Nov 11 08 07:44 GMT |

EUR/JPY The Euro fell yesterday against the British Pound from the 0.8196 resistance level which so far was able to stop the pair's upside wave, however the momentum indicators continue to show mixed signals which means that the pair could still fluctuate heavily among the 0.8104 and the 0.8196 levels and until one of those levels is breached the pair should continued moving within its short term sideway wave Support: 124.70, 124.23, 123.92, 123.56, 123.14 Resistance: 125.06, 125.39, 125.74, 125.94, 126.41 Recommendation: Sell below 125.39 with a target at 123.92 and a stop loss above 126.41 GBP/JPY The British Pound dropped against the Japanese Yen as the pair failed to breach the 23.6% correctional level at 156.91, while today the pair is still struggling to breach the 20 (4 hours) moving average at 154.23, which leads us to believe the pair is poised for more drops at least on intraday basis and the target seems to be set at 151.37 at least, while the mixed signals provided from the momentum indicators still point that the pair will fluctuate heavily. Support: 152.70, 152.31, 151.80, 151.37, 149.95 Resistance: 153.24, 153.78, 154.23, 154.71, 155.25 Recommendation Sell below 154.23 with a target at 151.37 and a stop loss above 156.91 EUR/GBP The Euro fell yesterday against the British Pound from the 0.8196 resistance level which so far was able to stop the pair's upside wave, however the momentum indicators continue to show mixed signals which means that the pair could still fluctuate heavily among the 0.8104 and the 0.8196 levels and until one of those levels is breached the pair should continued moving within its short term sideway wave. Support: 0.8144, 0.8133, 0.8119, 0.8104, 0.8090 Resistance: 0.8165, 0.8180, 0.8196, 0.8210, 0.8230 Recommendation: Sell below 0.8196 with a target at 0.8104 and a stop loss above 0.8230 Crown Forex disclaimer:The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk.