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Daily Technical Analysis by FXCC November 25

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Daily Technical Analysis by FXCC November 25

Postby alayoua » Fri Nov 25, 2011 7:13 am

Daily Technical Analysis by FXCC November 25

Euro vs US Dollar The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.34213).
If this resistance level is broken to the upside, the outlook will deteriorate.
Look for short positions for today`s trading session.

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R1:1.33989 | R2: 1.34468 | R3: 1.34944 | R4: 1.35399 | R5:1.35899
S1: 1.33034 | S2:1.32618 | S3: 1.32079 | S4: 1.31663 | S5: 1.31263


Great Britian Pound vs US Dollar GBPUSD maintains a bid tone for now.
Break above (1.55678) may trigger further recovery of the GBPUSD. Going bellow latest swing low at (1.54335), however, would confirm continuation of the bearish trend, towards next objective downwards (1.52826).
Our bias is on selling GBPUSD with a stop loss above (1.55678) for today.

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R1: 1.55452 | R2: 1.55961 | R3: 1.56774 | R4: 1.57336 | R5:1.58061
S1: 1.54335 | S2:1.53826 | S3: 1.53326 | S4: 1.52826 | S5: 1.52326



US Dollar vs Japanise Yen USDJPY is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
A close above (77.336) will call for (78.391), and Loss of (76.913) sees (76.161).
Look for a close above/below either barrier.

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R1: 77.470 | R2: 77.791 | R3: 78.091 | R4: 78.391 | R5:78.691
S1: 76.761 | S2:76.461 | S3: 76.161 | S4: 75.861 | S5: 75.561


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