31 October 2001, 13:20  FX Technical Strategist JPMorgan Securities Ltd. October 31

EURUSD
LONG TERM – BEARISH, MEDIUM TERM – BULL RANGE ,SHORT TERM – BASED?
SUPPORT – .9005(50% Fib) .8980/45(prev highs/overlap) .8905(interim low) .8860(prev low)
RESISTANCE -.9090(prev low) .9135(trend line) .9240(top of congestion) .9330(highs)
TRADE STRATEGY – Buy at .9025 risking .8980 targeting .9115

USDCHF
LONG TERM – BULLISH, MEDIUM TERM - BULL RANGE , SHORT TERM – DEEPER CORRECTION
SUPPORT – 1.6155 (Tue low/50% Fib) 1.6060 (62% Fib) 1.5995 (interim low)
RESISTANCE – 1.6310 (38% Fib) 1.6360 (50% Fib) 1.6450 (overlap) 1.6565 (pivot point) TRADE
STRATEGY – Sell at 1.6310 risking 1.6360 targeting 1.6080

USDJPY
LONG TERM – BULLISH , MEDIUM TERM – WAVE 1 FINISHED?, SHORT TERM – FURTHER DOWNSIDE RISK
SUPPORT – 121.60 (Tue low) 121.30/120.80 (congestion) 120.45 (38% Fib), 119.60 (50% Fib)
RESISTANCE – 122.15(congestion top) 122.40 (Fib resis/prev low) 122.90(76.4% Fib) 123.35(high)
TRADE STRATEGY – Neutral.

GBPUSD
LONG TERM - BEARISH, MEDIUM TERM – BASE OF RANGE, MEDIUM TERM – BASE OF RANGE
SUPPORT – 1.4505 (low) 1.4465 (38% Fib) 1.4425 (50% Fib) 1.4305 (prev highs/overlap)
RESISTANCE –1.4600 (62% Fib) 1.4690 (76% Fib) 1.4845 (highs)
TRADE STRATEGY – Buy 50% at 1.4510 and 50% at 1.4465 risking 1.4420 targeting 1.4660

EURGBP
LONG TERM – BULLISH, MEDIUM TERM - BULL RANGE, SHORT TERM – BREAKDOWN
SUPPORT - .6200 (76% Fib) .6185/65 (Key support) .6070 (prev low)
RESISTANCE – .6240/55 (Fib resis) .6300 (prev high) .6345 (prev high) .6365( Prev high)
TRADE STRATEGY – Sell at .6245 risking .6270 targeting .6160.

EURJPY
LONG TERM – BULLISH, MEDIUM TERM - BULL RANGE, SHORT TERM – BREAKDOWN
SUPPORT - .6200 (76% Fib) .6185/65 (Key support) .6070 (prev low)
RESISTANCE – .6240/55 (Fib resis) .6300 (prev high) .6345 (prev high) .6365( Prev high)
TRADE STRATEGY – Sell at .6245 risking .6270 targeting .6160.

EURJPY
LONG/MEDIUM TERM – BULLISH, SHORT TERM – STILL IN RANGE
SUPPORT – 110.20 (interim lows) 109.70 (prev high) 109.50 (trendline support) 108.60 (prev low)
RESISTANCE – 110.90 (key highs) 111.30 (Fib resis) 111.75 (prev high)
TRADE STRATEGY – Neutral.

EURCHF
LONG TERM - BEARISH, MEDIUM TERM – BEAR RANGE, SHORT TERM – BULL RANGE
SUPPORT – 1.4680 (prior low) 1.4665 (50% Fib) 1.4605 (62% Fib)
RESISTANCE – 1.4730 (trend line) 1.4770 (interim highs) 1.4835 (recent high) 1.4900 (resis)
TRADE STRATEGY – Neutral

© 1999-2024 Forex EuroClub
All rights reserved