CrystalFX Market Analysis

 EURGBP may be prepared for a down turn. Its clearly in a down trend consideting the Weekly timeframe. A correction from 0.8342 for the past one month to 0.8505 is not weak and may be set for a down turn. The market bounced from the Resistant point of 0.8496 and this is a good area for a SELL looking to cash in about 40 to 50 pips or targeting the next support area(s). Trade wisely, we might have a rally but even with such, a SELL may also be good at the next res zone at 0.8577.

 The EURJPY was a good move to the south today. Trend trailed from Monthly to Weekly and the Daily time-frame for entry. The market moved south so quickly.  Since the Trend is still very much to the south - considering the monthly and weekly bear pressure, the B image shows expectations in the up coming weeks.  The down trend can still be taken advantage of. We have some patience to wait on the oscillators to be in shape. Its going to be a good trend.