Supports and Resistances for September 7, 2007

Hi All,
Crazy couple of days so far with the crosses ranging but with no reason for their rise or fall. The markets continue to be unsure of where to go and what to do and they seem so confused that even the fundamental reasons which used to drive them up or down do not seem to be having the same effects now. We still have the sub prime and housing issues but they dont seem to be going down. We have the stock markets going up which should drive the crosses up but that aint happening as well. So we are caught in a tight range and i do expect the crosses to be ranging today as well. I do not see any reason for a breakout today (though you never know).
Below are the supports and resistances for the JPY crosses:-

USDJPY - Important support at 115.23. If that is broken, next support is at 114.92 which is a very strong support and the final major support is at 114.04. On the topside, the resistance is at 115.58 and then at 116.00.

EURJPY - Important support at 157.41. If that is broken, next support is at 157.05 and the final major support is at 156.62. On the topside, the resistance is at 157.73 and then at 158.20.

GBPJPY - Important support at 232.35. If that is broken, next support is at 231.84 and the final major support is at 231.05.On the topside, the resistance is at 233.12 and then a major resistance at 233.95.

GBPUSD - Important support at 2.0164. If that is broken, next support is at 2.0134 and the final major support is at 2.0088.On the topside, the resistance is at 2.0212 and then a major resistance at 2.0259.

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