Daily Technical Analysis by FXCC 09Dec2011

Daily Technical Analysis by FXCC 09Dec2011

Euro vs US Dollar Overall the direction remains unclear. EURUSD might close below (1.32789). If seen this will call for more declines to the (1.30955) level. Further down, support is located at (1.30218). Alternatively, above the (1.34400) level it will to be traded to resume its medium term uptrend towards its important resistance at (1.37034).
We should wait for a clearer outlook on EURUSD.

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R1: 1.34170| R2: 1.34729| R3: 1.35210| R4: 1.36067| R5: 1.37034
S1: 1.32940| S2: 1.31922| S3: 1.30955| S4: 1.30218| S5: 1.29818


Great Britian Pound vs US Dollar GBPUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
A close above (1.57797) will call for (1.58883), and Loss of (1.55844) sees (1.54095).
We need to hold for today.

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R1: 1.57176| R2: 1.57697| R3: 1.58290| R4: 1.58883| R5: 1.59886
S1: 1.55691| S2: 1.55098| S3: 1.54095| S4: 1.53502| S5: 1.53002


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 (77.940) will call for (79.543), and Loss of (77.028) sees (76.182).
We prefer to wait for break of upper or lower barrier.

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R1: 78.110| R2: 78.575| R3: 79.243| R4: 79.543| R5: 79.843
S1: 77.331| S2: 76.850| S3: 76.182| S4: 75.882| S5: 75.582


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