Daily Technical Analysis by FXCC 28Dec11


Euro vs US Dollar EURUSD is at a crossroads, the instrument has a 50 50 chance of a recovery above (1.30879) or a fall towards (1.30467) in the coming session. We have to wait and watch the movement of the instrument from current levels.
You may try to buy from lower border and/or sell from upper border.



R1: 1.31280| R2: 1.31687| R3: 1.32087| R4: 1.32487| R5: 1.32887
S1: 1.30259| S2: 1.29834| S3: 1.29434| S4: 1.29034| S5: 1.28634



Great Britian Pound vs US Dollar We hold a view of the instrument moving in the range of (1.57102 1.55861). We have to wait and watch the movement of the instrument from current levels.
We need to hold for current session.



R1: 1.57591| R2: 1.58180| R3: 1.59221| R4: 1.59721| R5: 1.60221
S1: 1.56098| S2: 1.55509| S3: 1.54930| S4: 1.54430| S5: 1.53930




US Dollar vs Japanise Yen We see high chances of the pair move in a range between (78.125 77.693). A proper move above (78.125) confirms a probable rally towards (79.060). However, if USDJPY manage to close below (77.693) will support a call for bid tone.
We should wait for a clearer outlook on USDJPY.



R1: 78.157| R2: 78.460| R3: 78.760| R4: 79.060| R5: 79.360
S1: 77.532| S2: 77.232| S3: 76.932| S4: 76.632| S5: 76.332



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