Today’s highlights:
USDJPY: Intervention rally aims at key 2007-11 bear trend line, 79.80, and 200-day MA, 79.90. Through here, reinforced above 80.25, would confirm a sustainable base into 2012
EURUSD: Bear reversal risk on break of 1.3955/38. Threat then back to 1.3800, only through which resumes defensive posture
GBPUSD: Bearish “outside” pattern to threaten bear reversal through 1.5970 trend support. Confirmation through 1.5891 targets move back to 1.5632
AUDUSD: Erosion only translates to a top/ defensive tone through 200-day MA and 13-day EMA, 1.0407/0397. Whilst above, risk is through 1.0766 closer to the 1.1083 secular high
Today’s trades:
EURUSD: Reversed short from 1.4149 to long at 1.4006 for 1.4148; stop/reverse to short below 1.3924
USDJPY: Flat. Buy at 77.76 for 81.45; exit 76.24
GBPUSD: Flat, retry long at 1.5976 for 1.6325; exit 1.5868
USDCHF: Short entered at .8724 for .8456; exit .8866
AUDUSD: Long, reversed short from 1.0694 at 1.0516. Target at 1.0754; exit/reverse 1.0388
NZDUSD: Long from break of .8111 for .8326; exit.8035
USDCAD: Short at .9994 for .9736. Exit 1.0080
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http://www.easyforexnews.net/wp-content/uploads/2011/11/document-804578550.pdf
Credit Suisse
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