16 November 2001, 14:15  Technical Analysis from Commerzbank AG

Written by: Karen Jones

EUR/USD
POSITION: Long .8845, s/r .8820 Target .8885
ACTION: Place the stop/reverse below .8820 and reverse on rallies to .8880/85— tight stop/reverse for .8920 where would cover. Above here would see .9015/40 where would reverse longs— stop/reverse over .9065.
Support .8820, .8800, .8765 .8740/20** .8675**
Resistance: .8875/85**, .8920*, .9015*, .9050, .9065**RL,

USD/CHF
POSITION: Long 1.6560, s/r 1.6520 Target 1.6685.
ACTION: Assume longs instated on dips to 1.6560/50— place the stop/reverse below 1.6520. Cover on rallies to 1.6685/1.6700 looking to reinstate on a break for 1.6770 then 1.6840/50 where would reverse longs— tight stop/reverse for 1.6940/50 where would again cover looking to sell further strength to 1.7000 — stop/reverse over 1.7040
Support 1.6550/50**, 1.6500*, 1.6470*, 1.6420** 1.6365, 1.6250/15**,
Resistance 1.6635, 1 . 6 6 8 5 / 1 . 6 7 0 0 , 1.6770, 1.6835/50**,

GBP/USD
POSITION: Short 1.4355, s/r 1.4400 Target 1.4390
ACTION: Add on rallies to 1.4365 and place the stop/reverse over 1.4400. Cover the dips to 1.4390. Reinstate on a break for 1.4195 then 1.4140/20 where would reverse shorts— tight stop/reverse.
Support 1.4330/05, 1.4290* SL, 1.4270*, 1.4220, 1.4195*,
Resistance 1.4355/65, 1.4400*, 1.4455, 1.4485/1.4515** 1.4620** RL

USD/JPY
POSITION: Long 122.15, stop 121.75 Target 123.35
ACTION: Leave the stop to below 121.75. Partially cover 122.70/80 and reverse the remainder on rallies to 123.35— stop/reverse over 123.55.
Support 122.00, 121.75, 121.50/40**, 121.15*, 120.60, 119.70/55**,
Resistance 1 2 2 . 7 0 / 8 0 * , 123.35/55**, 123.80/90**
EUR/JPY
POSITION: Short 108.00/20, s/r 108.50 Target 107.00/106.80
ACTION: Leave the stop/reverse over 108.50 and again reverse on dips to 107.00/106.80— tight stop/ reverse for 105.65/45 where would reverse shorts 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 .6125, stop .6130 Target .6170
ACTION: Raise the stop to below .6130 looking for .6170 to cover. Reinstate on a break for .6200 then .6235/40 where would reverse longs— stop/reverse over .6240.
Support .6130, .6105/00* .6070**,.6060** SL .6000*
Resistance .6170*, .6185*, .6200,.6225 .6240** RL

EUR/CHF
POSITION: Short 1.4660, s/r 1.4675 Target 1.4595/85
ACTION: Raise the stop to below .6130 looking for .6170 to cover. Reinstate on a break for .6200 then .6235/40 where would reverse longs— stop/reverse over .6240.
Support 1.4640/35*, 1.4585** 1.4505** 1.4430
Resistance 1.4675, 1.4730, 1.4760 1.4830/35**,

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