eurusd24112011.png

 Current level - 1.3380

The pair is in a broad consolidation pattern below 1.4580 resistancearea and current sell-off from 1.4550 is expected to be the final slideto complete that pattern. Technical indicators on the larger frames areneutral and trading is situated betweenthe 50 and 200 dailySMAs,currently projected at 1.4301  and 1.4020.

The recent sell-off filled my target at 1.3360 and my outlook isalready positive, for a break through 1.3420 major resistance, towards1.3568 and 1.3860. Initial resistance is projected at 1.3420 and minorsupport is yesterday's low at 1.3320, followed by 1.3230.

Key Market Levels
1.3420 1.3567 1.3860 1.3950
1.3320 1.3230 1.3145 1.2870

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usdjpy23112011.png

 Current level - 77.12

The overall downtrend continues to be intact, aiming at new historicallows below 75.95. Technical indicators are still descending and crucialresistance on the daily frame is 80.20.

Still on trend dynamics here and the bias is absolutely neutral.Major resistance on the upside is 77.50 and support is projected at76.50. Minor intraday downswing towards 76.50 can be expected while 77.24 caps the upside. 

Key Market Levels
77.50 77.90 80.+ 81.50
76.50 76.50 75.75 74.20

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gbpusd24112011.png

 Current level - 1.5541

The pair is in a downtrend from 1.6616 high. Technical indicators aredescending and trading is situated below the50- and 200-day SMA, currently projected at 1.6209 and 1.6098.

Yesterday's slide filled my target at 1.5510 and after bottoming at1.5492 the pair will try to break above 1.5601 intraday resistance. Ifavor a rise towards 1.5695, en route to 1.5880. Crucial on thedownside is 1.5490. 

Key Market Levels
1.5601 1.5692 1.5888 1.6168
1.5490 1.5490 1.5370 1.5270

Source http://www.fxstreet.com/technical/analysis-reports/forex-economic-analysis/2011-11-24.html



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