Technical Analysis 23/11/2010 FXCBS

Tuesday November 23 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.35261 and the highest level at 1.36330, the pair trading now around the level of 1.35691.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.58929 and the highest level at 1.59653, the pair trading now around the level of 1.59200.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 83.236 and the highest level at 83.843 , the pair trading now around the level of 83.620.

Market Expectations

EUR/USD : Determined indicators for the pair Euro against the U.S. dollar showing saturation in the selling process so we expect an up trend today to the level 1.37710 , these expectations require stability of the trading above the level of 1.35500.

http://www.fxcbs.com/newsletter/images/EURUSD.gif

GBP/USD : bullish signs appearing through stochastic indicators for the pair Sterling against the U.S. dollar leading us to expect an up trend to the level of 1.60550 , these expectations require daily close above the level 1.58800.

http://www.fxcbs.com/newsletter/images/GBPUSD.gif

USD/JPY : The 50 MA supports the pair U.S. dollar against Japanese Yen from below so we expect a bullish intraday direction targeting 84.200, stability of the trading above the level of 82.800 necessary to achieve these expectations.

http://www.fxcbs.com/newsletter/images/USDJPY.gif


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