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Daily Technical Analysis by FXCC December 07
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Join Date: Nov 2011
Posts: 32
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Daily Technical Analysis by FXCC December 07
Euro vs. US Dollar (EURUSD): Overall the direction remains unclear. EURUSD might close below (1.33507). If seen this will call for more declines to the (1.32522) level. Further down, support is located at (1.31979). Alternatively, above the (1.34378) level it will to be traded to resume its medium term uptrend towards its important resistance at (1.36710). We prefer to wait for break of upper or lower barrier. ![]() R1: 1.34729| R2: 1.35210| R3: 1.35767| R4: 1.36310| R5: 1.36710 S1: 1.33630| S2: 1.32940| S3: 1.32522| S4: 1.31979| S5: 1.31579 Great Britain Pound vs. US Dollar (GBPUSD): GBPUSD is at a crossroads, the instrument has a 50 – 50 chance of a recovery above (1.57276) or a fall towards (1.55512) in the coming session. We have to wait and watch the movement of the instrument from current levels. We prefer to wait for break of upper or lower barrier. ![]() R1: 1.56544| R2: 1.57106| R3: 1.57799| R4: 1.58600| R5: 1.59100 S1: 1.55259| S2: 1.54690| S3: 1.54022| S4: 1.53522| S5: 1.53022 US Dollar vs. Japanese Yen USDJPY (USDJPY): Strength in USDJPY is likely to continue. We see a less chances of an immediate fall on the instrument for short-term technical outlook. Next upside barriers follow (78.055) at (78.355) and (78.655). Try to buy on depth with a stop loss below (77.537). ![]() R1: 78.055| R2: 78.355| R3: 78.655| R4: 78.955| R5: 79.255 S1: 77.401| S2: 77.101| S3: 76.801| S4: 76.501| S5: 76.201 Source: FX Central Clearing Ltd. (FXCC) http://www.fxcc.com/tech-analysis |
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