Daily Technical Analysis by FXCC 27Dec11

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Daily Technical Analysis by FXCC 27Dec11


Euro vs US Dollar It's likely that EURUSD will decline. A break above (1.30919) could be a threat to the bearish scenario targeting (1.32390) even (1.32790). On the downside, immediate support is at (1.30057).
Break below that area should keep the major bearish scenario intact testing (1.29146) area
Our bias is on selling EURUSD with a stop loss above (1.30919) for today.



R1: 1.30959| R2: 1.31590| R3: 1.31990| R4: 1.32390| R5: 1.32790
S1: 1.30057| S2: 1.29546| S3: 1.29146| S4: 1.28746| S5: 1.28346



Great Britian Pound vs US Dollar We believe that possible bullishness could be seen during this trading session.
Support is at (1.55701). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.
We will try to buy GBPUSD from our mentioned support levels.



R1: 1.56942| R2: 1.57731| R3: 1.58231| R4: 1.58731| R5: 1.59231
S1: 1.55448| S2: 1.54930| S3: 1.54430| S4: 1.53930| S5: 1.53430




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 (78.202) will call for (79.213), and Loss of (77.768) sees (77.011).
Look for a close above/below either barrier.



R1: 78.313| R2: 78.613| R3: 78.913| R4: 79.213| R5: 79.513
S1: 77.611| S2: 77.311| S3: 77.011| S4: 76.711| S5: 76.411


Source: FX Central Clearing Ltd. (FXCC)
Technical Analysis