Sterling against the Japanese yen was capable of breaching 141.04 and to close below it, which provided the needed momentum to reach 139.12 levels which is the completion of the downside correction for the long term upside trend, which also resides along the downside trend line for the medium term channel; conflicting momentum signals over various time scales which provides high volatility in the session which might be restricted among 139.12 and 141.04, breaching the 139.12 to the downside will open the way towards 137.50 and breaching 141.04 opens the way towards 143.90 levels.  

The euro against the yen managed to breach 118.52 to open the way towards 116.40 which is the downside support for the medium term trend; the pair is on the rise again affected by selling saturation attempting to breach the 118.52 again targeting 119.77 as initial upside target and then 121.42 which is the 4-hour 50 MA.

The euro against sterling reached its downside target yesterday at 0.8335 and rebounded then to the upside, the pair is trading with high volatility amid tight ranges around the 23.6% correction at 0.8433 which resides around the upside trend line over the medium term trend; upside targets today are set at 0.8486 while to the downside the pair faces short term targets at 0.8396 and 0.8335.