13 November 2001, 15:05  Technical analysis from Commerzbank AG 13th of November

Written by: Karen Jones

EUR/USD
Long .8900, s/r .8885 Target .9015
Support .8885** SL, .8870**, .8845/25**, .8790/85**, .8720**
Resistance: .8945, .9015, .9050, .9080/85**RL, .9155**
ACTION: Leave the stop/reverse below .8885. Add above .8945 and cover on rallies to .9015. Reinstate on a break for .9045/50 then .9080/85, where would reverse longs— tight stop/reverse.

USD/CHF
POSITION: Square
ACTION: Again sell rallies to 1.6470/90— tight stop/reverse. Add below 1.6365 looking for 1.6250/15 to cover. Reinstate on a break for 1.6130/1.6090 where would reverse shorts— stop/reverse below 1.6060.
Resistance 1.6470/75, 1.6490**DT, 1.6645, 1.6685**, 1.6700*,
Support 1.6365, 1.6250/15*, 1.6150/30**, 1.6090, 1.6060**, 1.6000**

GBP/USD
POSITION: Square
ACTION: Attempt small longs on dips to 1.4520/10— tight stop/reverse and reverse on rallies to 1.4620/40— tight stop/reverse. A break above here would retarget 1.4685/1.4700 then 1.4800/40 where would reverse longs— tight stop/reverse.
Support 1.4510, 1.4475*, 1.4440**, 1.4380/65**,
Resistance 1.4620/40* RL 1.4685/1.4700**, 1.4740**, 1.4750

USD/JPY
POSITION: Long 120.10, stop 120.20 Target 122.00
Raise a trailing stop to below 120.20 and add above 121.10 looking for 121.40/55 then 122.00/15 to cover. Reinstate on a break for 123.35/55 where would reverse longs— stop/reverse over 123.90.
Support 120.20, 119.70/55**, 118.70/65*, 118.45 117.60/40**,
Resistance 121.05/10**, 121.40/55 122.10/15*, 122.60*,

EUR/JPY
POSITION: Short 108.00, s/r 108.50 Target 107.00/106.80
ACTION: Place the stop/reverse over 108.50. Cover on dips to 107.00/106.80. Reinstate on a break, 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: 107.00/106.80*,106.05/00**, 105.65/45**,
Resistance: 108.00/20**, 108.50, 108.85*, 109.25, 109.85*, 110.05,

EUR/GBP
POSITION: Long .6120, s/r .6105 Target .6215
ACTION: Leave the stop/reverse below .6105. Add above .6170, .6190 looking for .6215/20 to cover. Attempt small shorts— stop/reverse over .6245.
Support .6120, .6105* .6070**,.6055** SL .6000*
Resistance .6170, .6185*, .6190**,.6225 .6245* RL, .6285/95**

EUR/CHF
POSITION: Long 1.4600, s/r 1.4585 Target 1.4675/1.4715
ACTION: Place the stop/reverse below 1.4685 and reverse on rallies to 1.4675/1.4700— stop/reverse to over 1.4715. Above here would retarget 1.4820/35.
Support 1.4585 1.4545 *SL, 1.4505** 1.4430
Resistance 1.4700, 1.4715**DT, 1.4830/35**, 1.4865/75*, 1.4930**,

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