Technical Analysis /11:25 GMT/ (EUR/USD, GBP/USD, EUR/JPY, GBP/JPY) 26.05.2010.

EUR/USD (short term):. The pair should fall to it’s support after a limited rebound. Sell under: 1.2400. TP at 1.2250 and 1.2180. Key levels: 1.2045, 1.2180, 1.2250, 1.2324, 1.2400, 1.2480, 1.2600

GBP/USD (short term): The pair should fail to break resistance. Sell under 1.4450. TP 1.4330 and 1.4260. Key levels: 1.4150, 1.4260, 1.4330, 1.4414, 1.4450, 1.4530, 1.4635

EUR/JPY (short term): The pair is likely to break above declining trend line resistance. Buy above 110.40. TP 111.90 and 113.00. Key levels: 107.65, 108.80, 110.40, 111.32, 111.90, 113.00, 114.50

GBP/JPY (short term): The pair is on the upside. Buy above 129.00. TP 130.50 and 131.50. Key levels: 126.75, 127.70, 129.00, 130.17, 130.50, 131.50, 132.80

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Source: Forexyard

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