The Euro against the yen was incapable of breaching the solid 160.80 level yesterday as the pair rebounded from there after finding good demand to close again yesterday above it. Failing to successfully breach that level and closing below it validated the upside correction for the pair, while that might set the pair to face 162.08 while breaking that level opens the way till 162.97; as for today 161.70 provides good demand point for the pair.  

The pair was able to set the 61.8% Fibonacci Correctional Level yesterday for the upside wave that started on 17-03-2008 and ended on 23-07-2008 which resides at 201.44. Setting that level provided the pair with the ability to rebound to the upside especially as it was trading within oversold areas and the pair continues to target higher for today, yet 204.19 might face the bullish correction while breaching the level opens the way till 207.00, while 203.36 provides good demand for the pair.

The Euro against the Pound was able yesterday to close above 0.7921 which resides along 100 MA providing the chance to breach 0.7950 and then 0.7978. Technical indicators support the upside tendency for the pair with valid momentum to the upside and as well as positive volumes that support it as well. The 0.7921 provides strong demand for the pair today .