12 November 2001, 13:22  Technical analysis from Commerzbank AG

Karen Jones

EUR/USD
POSITION: Assume square
ACTION: Buy dips to .8900/.8885— tight stop/reverse. Cover on rallies to .8980/.9000. Reinstate on a break for .9045/50 where would again take profits enroute to .9090 where would reverse longs— tight stop/reverse.
Resistance: .8980/.9000**, .9050, .9090**RL, .9155**
Support .8885** SL, .8870**, .8845/25**, .8790/85**, .8720**

USD/CHF
POSITION: Square
ACTION: Sell rallies to 1.6470/1.6500— tight stop/reverse. Add below 1.6350 looking for 1.6260/50 to
cover. Reinstate on a break for 1.6130/1.6090 where would reverse shorts— stop/reverse below 1.6060.
Resistance 1.6470/75, 1.6500**DT, 1.6645, 1.6685**, 1.6700*,
Support 1.6350, 1.6260/50*, 1.6150/30**, 1.6090, 1.6060**, 1.6000**

GBP/USD
POSITION: Square
ACTION: Attempt shorts on rallies to 1.4580/95, tight stop/reverse. Add below 1.4510 looking to reverse on dips to 1.4475/40— tight stop/reverse for 1.4380 where would again reverse shorts— stop/ reverse below 1.4365 for 1.4270.
Resistance 1.4595*, 1.4685/1.4700**, 1.4740**, 1.4750
Support 1.4510, 1.4475*, 1.4440**, 1.4380/70**,

USD/JPY
POSITION: Square
ACTION: Attempt minor shorts on rallies to 121.00/25— stop/reverse over 121.40 and reverse shorts on dips to 120.10/119.70— tight stop/reverse for 118.65/45 where would again reverse shorts— stop/ reverse below 118.25.
Resistance 121.25/40**, 122.10/15*, 122.60*, 123.35/55**,
Support 120.10, 119.70**, 118.70/65*, 118.45 117.60/40**,

EUR/JPY
POSITION: Square
ACTION: Sell rallies to 108.00/20— stop/reverse over 108.85. Add below 106.80 looking to reverse on dips to 105.65/45— tight stop/reverse. Failure here would see losses extend to 104.55/25, where would again reverse shorts— stop/reverse below 104.00
Support: 106.05/00**, 105.65/45**, 104.55** , 104.00**
Resistance: 108.00/20**, 108.85*, 109.25, 109.85*, 110.05, 110.70/90**,

EUR/GBP
POSITION: Short .6155, stop .6165 Target .6110/05
ACTION: Leave the stop over .6165. Reverse on dips to .6120/05, stop/reverse below .6100. Failure here sees .6070/55 where would reverse shorts— stop/reverse below .6050.
Resistance .6165, .6185*, .6190**, .6225, .6245* .6250* RL, .6285/95**
Support .6105 .6070**,.6055** SL .6000*

EUR/CHF
POSITION: Short 1.4735, s/r 1.4725 Target 1.4600
ACTION: Sell rallies to 1.4700 and lower the stop/reverse to over 1.4725. Reverse shorts on initial test of 1.4600/1.4595 — tight stop/reverse for 1.4400.
Resistance 1.4700, 1.4725**DT, 1.4830/35**, 1.4865/75*, 1.4930**,
Support 1.4630 1.4595*, 1.4565/60

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