Daily Technical Analysis by FXCC 28Dec11

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.

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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.

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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.

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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