In the pair trading EUR / JPY European session today (10-02) observed the Euro strengthened against the yen moves and be in the range of 123.52.
Euro forex investors demand back in line with the indication of a relief in the handling of Greek public debt issues are swollen.
EU reportedly agreed to help the Greeks in the face of debt problems. This was considered necessary to prevent economic instability in the region who were undergoing the process of recovery. On the currency pair EUR / JPY is expected to still potentially strong, and is expected to face resistance at the 124.28 range.
The technical GBP/USD is oversold, I believe GU will be a correction to 1.5700, if able to pass 1.5650. UK economic data is improved, sufficient support for the strengthening of GBP/USD.
Chart GBP/USD on M30
GBP/USD will down trend if can touch at price 1.5520
In today’s trading was the value of the dollar-euro exchange rate experienced a significant decrease (08.02). European currency was increasingly depressed and weakened to the lowest range in eight months against the dollar, amid speculation that the budget deficit in some EU member states will be expanded.
At the end of last week’s G7 officials have committed to maintain the stimulus policies despite the budget deficit haunted. This condition is feared to further worsen the condition in the state budget, EU member states currently fiscal condition was critical.
In trading today on the euro was 1.3630 dollars a position. The position of the euro today was decreased compared to the close of trading early this morning in the level of 1.3656 dollars. Friday night and the euro had weakened to the lowest level in eight months in the position of 1.3585 dollars.
The yen strengthened as the presence of a negative signal on the U.S. economy, which it demonstrated by an increase in the unemployment rate in the U.S. country.
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Indicators of Unemployment Claims reported an increase to 480K, where previously expected to fall to 461K from 472K the previous value. This pro-Japanese Yen responded by investors in forex trading.
GBP / USD & EUR / USD is weakening against the U.S. dollar as the presence of positive signal in the United States economy, where it is shown by an increase in performance in the service industry sector in the country.
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Indicators ISM Non-Manufacturing PMI reported a 50.5 increase in the previous which is expected to rise to 51.1 from 49.8 the previous value. It responded by pro-U.S. Dollar investors in forex trading.
Forex | makepips | 
February 10, 2010 17:44 | 
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