Supports and resistances for June 14, 2007

Good big up moves in all of the crosses yesterday. The most suprising move was from the EURJPY which i had predicted in my posts at forexfactory. I believe today will be an up day as well though USDJPY seems to have risen too much and so might be due for some correction.Below are the supports and resistances for the JPY crosses for today:-

USDJPY - Important support at 122.60. If that is broken, next support is at 122.26 which is a very strong support and the final major support is at 121.85. On the topside, the resistance is at 122.85 and then at 123.20.

EURJPY - Important support at 162.70. If that is broken, next support is at 162.25 and the final major support is at 161.70. On the topside, the resistance is at 163.40 and then at 163.85.

GBPJPY - Important support at 241.50. If that is broken, next support is at 240.70 and the final major support is at 239.92. On the topside, the resistance is at 242.20 and then a major resistance at 242.85.

Lets hope for a good day for the longs today..

Happy Trading !!!