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Technical Analysis /18:25 GMT/ (EUR/USD, GBP/USD, EUR/JPY, GBP/JPY) 20.05.2010.

Written by

Serkadis

in

EUR/USD (short term):  The pair has fail to break resistance. Sell under 1.2445. TP 1.2260 and 1.2150. Key levels:  1.2100, 1.2150, 1.2260, 1.2310, 1.2445, 1.2520, 1.2605

GBP/USD (short term):  The pair is under pressure. Sell under 1.4355. TP 1.4235 and 1.4175. Key levels:  1.4090, 1.4175, 1.4235, 1.4258, 1.4355, 1.4440, 1.4510

EUR/JPY (short term): The pair is capped by medium-term bearish channel. Sell under 112.00. TP 109.50 and 108.20. Key levels:  106.50, 108.20 ,109.50, 110.13, 112.00, 113.50, 114.80

GBP/JPY (short term): Support has been broken. Sell under 129.00. TP 126.00 and 124.50. Key levels:  123.00, 124.50, 126.00, 127.00, 129.00, 130.00, 131.50

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Source: Forexyard

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