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Daily Technical Analysis by FXCC December 02

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Daily Technical Analysis by FXCC December 02

Postby alayoua » Fri Dec 02, 2011 8:01 am

Daily Technical Analysis by FXCC December 02

Euro vs US Dollar Overall the direction remains unclear. EURUSD might close below (1.34070). If seen this will call for more declines to the (1.33198) level. Further down, support is located at (1.32725). Alternatively, above the (1.35310) level it will to be traded to resume its medium term uptrend towards its important resistance at (1.37235).
Look for a close above/below either barrier.

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R1: 1.35155 | R2: 1.35685 | R3: 1.36195 | R4: 1.36742 | R5: 1.37235
S1: 1.34170 | S2: 1.33731 | S3: 1.33198 | S4: 1.32725 | S5: 1.32121


Great Britian Pound vs US Dollar We hold a view of the instrument moving in the range of (1.57899 – 1.56267). We have to wait and watch the movement of the instrument from current levels.
We need to keep a closer look on how prices would behave on today`s trading session.

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R1: 1.57497 | R2: 1.58121 | R3: 1.58686 | R4: 1.59310 | R5: 1.59875
S1: 1.56308 | S2: 1.55743 | S3: 1.55181 | S4: 1.54584 | S5: 1.54084



US Dollar vs Japanise Yen We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (77.231) zones.
A proper confirmation would occur if the USDJPY will manage to overcome the (77.992) resistance.
Longing USDJPY is advisable for today.

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R1: 77.992 | R2: 78.322 | R3: 78.622 | R4: 78.922 | R5: 79.222
S1: 77.332 | S2: 77.024 | S3: 76.724 | S4: 76.424 | S5: 76.124


Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis
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alayoua
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