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Yen hit its lowest level since late April
Monday, 19 November 2012 05:55 GMT+2
News & Events
 
Asian markets trader higher with yen hit its lowest level since nearly seven months against the dollar on Monday as expectations of more monetary stimulus by Japanese authorities after next month’s elections. Last week Eur/usd dipped to new lows with doubts about releasing aid for Greece come due to the public disagreement between the IMF and the European Union as the IMF wants governments to accept losses. In United States, 4.76m in due now from 4.75m on the last month for existing home sales.
 
Technical Analysis
Currency Pair EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF DOW
Resistance 2 1.2855 1.6030 0.8100 82.15 104.50 1.2175 13000
Resistance 1 1.2800 1.5965 0.8065 81.75 104.10 1.2110 12850
Market   1.2765 1.5920 0.8020 81.30 103.70 1.2055 12600
Support 1 1.2730 1.5860 0.7965 80.80 103.10 1.2035 12550
Support 2 1.2670 1.5800 0.7905 79.80 102.55 1.2005 12400
 
 
Trade Idea
 
EURUSD
 
Looking at the 4H chart, resistance remains at 1.28. A clear break that level could lead price to 1.2855.  On the downside a break and close below 1.2730 targets 1.2665 level
19112012-eurusd.gif
 
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