Support and Resistances for June 29, 2007

Hi all,
As updated yesterday in my last post, i still feel that the crosses are getting ready for a breakout on the long side. They are caught between some strong resistances right now and once those are broken, we should be able to see a good upmove. What all would happen before the resistances are broken, we can only wait and see.Below are the supports and resistances for the JPY crosses for today:-

USDJPY - Important support at 123.05. If that is broken, next support is at 122.75 which is a very strong support and the final major support is at 122.35. On the topside, the resistance is at 123.40 and then at 123.85.

EURJPY - Important support at 165.20. If that is broken, next support is at 164.85 and the final major support is at 164.10. On the topside, the resistance is at 165.80 and then at 166.25.

GBPJPY - Important support at 246.10. If that is broken, next support is at 245.35 and the final major support is at 244.60. On the topside, the resistance is at 246.90 and then a major resistance at 247.60.

Happy Trading !!!