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TECHNICAL COMMENTARY
By: Easy Forex - 20-11-2008
0votesCurrency
Sup 2
Sup 1
Spot
Res 1
Res 2
EUR/USD
1.2389
1.2513
1.2515
1.2814
1.2855
USD/JPY
94.48
95.67
95.80
97.55
98.19
GBP/USD
1.4647
1.4901
1.4980
1.5249
1.5366
AUD/USD
0.6339
0.6362
0.6390
0.6596
0.6696
XAU/USD
700.00
725.40
737.00
762.00
768.21
· Euro – 1.2515
Initial support at 1.2513 (Nov 19 low) followed by 1.2389 (Nov 13 low). Initial resistance is now located at 1.2814 (Nov 19 low) at followed by 1.2855 (Nov 13 high)
· Yen – 95.80
Initial support is located at 95.67 (Nov 18 low) followed by 94.48 (Nov 12 low). Initial resistance is now at 97.55 (Nov 17 high) followed by 98.19 (Nov 13 high).
· Pound – 1.4980
Initial support at 1.4901 (Nov 18 low) followed by 1.4647 (Nov 17 low). Initial resistance is now at 1.5249 (Nov 17 high) followed by 1.5366 (38.2% retrace 1.6672 to 1.4558).
· Australian Dollar – 0.6390
Initial support at 0.6362 (Nov 19 low) followed by the 0.6339 (Oct 29 low). Initial resistance is now at 0.6596 (Nov 17 high) followed by 0.6696 (Nov 14 high).
· Gold – 737
Initial support at 725.40 (Nov 14 low) followed by 700 (Nov 13 low). Initial resistance is now at 762 (Nov 19 high) followed by 768.21 (Nov 10 high).
Next Analysis: GBP/USD Technical Analysis 20 November 2008Content Provided by:
Easy Forex
Easy-Forex™ Trading Platform, founded by a group of bankers, Forex and Internet experts, offers Forex traders direct access to the global currency markets. Easy-Forex™ revolutionary Online FX trading platform is the first online FX trading system allowing clients to deal Forex as a consu
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