27 November 2001, 12:16  Technical analysis JPMorgan Securities Ltd. November 27

EURUSD
LONG TERM – BEARISH ,MEDIUM TERM – BULL RANGE, SHORT TERM – BEAR RANGE
SUPPORT – .8785 (interim lows) .8740 (recent low) .8720(61.8% Fib) .8400(trendline)
RESISTANCE - .8840 (prev high), .8870 (trendline resis) .8905 (neckline)
TRADE STRATEGY – Neutral.

USDCHF
LONG TERM – BULLISH, MEDIUM TERM - BULL RANGE, SHORT TERM – BULL RANGE
SUPPORT – 1.6580 (prev low and 50% Fib) 1.6520(prev low)
RESISTANCE – 1.6720 (interim high) 1.6770 (prev high) 1.6980 (50% Fib)
TRADE STRATEGY – Neutral

USDJPY
LONG TERM – BULLISH, MEDIUM TERM – WAVE 2 MAY BE COMPLETE - BULLISH, SHORT TERM – BULLISH
SUPPORT – 123.80 (overlap and trendline) 123.30 (prev highs) 122.55 (prev lows)
RESISTANCE – 124.45 (prev high) 125.05 (trendline)
TRADE STRATEGY – Neutral

GBPUSD
LONG TERM - BEARISH , MEDIUM TERM – BASE OF RANGE – BULLISH, SHORT TERM – BASE FINALLY IN PLACE?
SUPPORT – 1.4105 (50% Fib) 1.4060 (prev low) 1.4035 (low)
RESISTANCE –1.4220 (Friday high & neckline resistance)
TRADE STRATEGY – Neutral.

EURGBP
LONG TERM – BULLISH, MEDIUM TERM - BULL RANGE, TERM – TOPPY
SUPPORT - .6210 (consol lows) .6170 (interim support and 50% Fib) .6150 (61.8% Fib)
RESISTANCE – .6240/45 (prev breakdown point) .6260 (prev range high)
TRADE STRATEGY – Sell at .6240 risking .6265 targeting .6150.

EURJPY
LONG/MEDIUM TERM – BULLISH, SHORT TERM – BULLISH,
SUPPORT – 109.20 (interim lows) 108.45 (channel bottom) 107.80 (interim low) 106.80 (range low)
RESISTANCE – 109.95 (bull channel high)
TRADE STRATEGY – Neutral.

EURCHF
LONG TERM - BEARISH ,MEDIUM TERM – BEAR RANGE, SHORT TERM – BULLISH
SUPPORT – 1.4610 (wave overlap) 1.4560 (prev low)
RESISTANCE – 1.4650 (breakdown point) 1.4790 (recent high) 1.4920 (prev high)
TRADE STRATEGY – Still Buy at 1.4630 risking 1.4590 targeting 1.4690.

AUDUSD
LONG TERM - BEARISH, MEDIUM TERM – BEARISH, SHORT TERM –NEUTRAL
SUPPORT – .5175 (trend line) .5150 (recent low) .5145 (gap)
RESISTANCE – .5245/55 (key resis, 61.8% Fib) .5285 (congestion)
TRADE STRATEGY – Buy at .5200 risking .5175, targeting .5245

USDCAD
LONG TERM – BULLISH, MEDIUM TERM – BULLISH, SHORT TERM – BULLISH
SUPPORT – 1.5960 (overnight low) 1.5920 (wave 1 high)
RESISTANCE – 1.6045 (high)
TRADE STRATEGY – Buy at 1.5945 risking 1.5910 targeting 1.6040

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