http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-10.htmlEURUSD: Broader Bias Remains Higher, Targets Key Resistance EURUSD - With the pair continuing to hold firmly above its key resistance at the 1.3233 level, its Jan 27’2012 high and bullish, the risk is for EUR to target the 1.3375 level, its Dec 12’12 high. A breach of there will aim at its Dec 02’2011 high at 1.3547. Its daily RSI is bullish and pointing higher suggesting further strength. Alternatively, on pullbacks support lies at the 1.3233 level where a violation will target the 1.3000Fri, 10 Feb 2012 10:02:50 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-09.htmlEURJPY: Risk Continues To Point To The 102.52 Level And Beyond EURJPY- With the cross holding above the 102.19 level and challenging the 102.52 level, its Dec 21’2011 low, further upside offensive looks to continue. Above the 102.52 level will call for a run at its Dec 12’2011 high at 103.86 and possibly higher towards its Dec 02’2011 high at 105.69. Its daily RSI is bullish and pointing higher suggesting further strength. Alternatively, the risk to our analysis will be for the cross to returnThu, 09 Feb 2012 11:13:11 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-08.htmlEURUSD: Turns Above The 1.3233 Level, Looks To Strengthen Further. EURUSD - Having climbed above its key resistance at the 1.3233 level, its Jan 27’2012 high, we are looking for EUR to strengthen further. This will aim at the 1.3375 level, its Dec 12’12 high with a breach targeting its Dec 02’2011 high at 1.3547. Its daily RSI is bullish and pointing higher suggesting further strength. Alternatively, on pullbacks support lies at the 1.3233 level where a violation will aim at the 1.3000 levelWed, 08 Feb 2012 11:25:27 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-07.htmlAUDUSD: Reverses Gains, On The Offensive. AUDUSD - With AUDUSD reversing its Monday losses and challenging its psycho level at 1.0800, the risk is for further strengthen to occur. This if seen will leave the possibility of targeting the 1.0900 level, representing psycho level on the table. Further out, the next upside target resides at the 1.1000/4 levels and ultimately, its July 27’2011 high at 1.1078. Its daily RSI is bullish and pointing higher supporting this view. On the other hand, onTue, 07 Feb 2012 11:13:57 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-06.htmlGBPJPY: Biased To The Upside Nearer Term. GBPJPY – Despite the cross’s current price hesitation, it continues to hold on to its nearer term corrective uptrend started from the 117.26 level. This leaves the risk of a return to the 122.02 level and then the 122.75 level, its Dec 22’2011 low where a violation will extend gains towards the 123.14 level, its Nov 15’2011 high. A loss of there will aim at the 127.30/21 levels where a breather is expected to occur. On the downside, the risk to thisMon, 06 Feb 2012 14:24:30 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-03.htmlGBPUSD: Biased To The Upside Medium Term Despite Price Hesitation. GBPUSD - Although GBP backed off higher prices to close lower on Thursday, we continue to maintain our upside outlook. This suggests that GBP should eventually return above the 1.5882/5 level.This will pave the way for further strength towards the 1.6074 level, its Nov’2011 high. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support lies at the 1.5770/9 level where a reversal ofFri, 03 Feb 2012 09:01:21 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-02.htmlEURUSD: Biased To The Upside Nearer Term But Continues To Consolidate. EURUSD - The pair will have to break and hold above the 1.3233 level, its Jan 27 ’2012 high to prevent a return to the 1.3025 level, its Feb 01’2012 low. If the latter occurs, EUR will decline further towards the 1.2930 level, its Jan 25’2011 low. Further down, support stands at the 1.2856/75 level, its Dec 29’2011/Jan 2011 lows. Its daily RSI is bearish and pointing lower supporting this view. Alternatively, the pair willThu, 02 Feb 2012 11:43:48 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-01.htmlUSDCAD: Vulnerable Despite Price Hesitation. USDCAD - While USDCAD is trying to stage a recovery having held above the 1.0000 level, its big psycho level and its Tuesday low at 0.9964 level, it still remains susceptible. This will leave the pair targeting the 0.9890 level, its Oct 27’2011 high. Both its daily and weekly RSI are bearish and pointing lower suggesting further declines. Alternatively, the 1.0284/1.0317 levels will have to be violated to put on hold the pair’s present weakness andWed, 01 Feb 2012 12:29:36 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-02-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-31.htmlGBPUSD: Reverses Gains, Builds On Bullish Momentum. GBPUSD - Having reversed its Monday losses in early trading today on a strong rally, the 1.5770 level, its Dec 21’2011 high looks to be taken out. That level is very significant to GBP’s continued recovery which was initiated from the 1.5235 level. An eventual clearance of there will set the stage for further upside price extension towards the 1.5885 level, its Nov 18’2011 high. Above here will aim at the 1.6074 level, its Nov’2011 high. ItsTue, 31 Jan 2012 11:42:56 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-30.htmlUSDJPY: Susceptible, Immediate Risk Points Lower USDJPY: The pair faces the risk of recapturing its key support at the 76.57 level as it reversed its early gains the past week and poised to weaken further in the new week. A clearance of there will turn focus to the 75.57 level, its Oct’2011 low with a break paving the way for a run at the 74.00 level and then the 73.00 level, all representing its psycho levels. Its weekly RSI is bearish and pointing lower supporting this view. Conversely,Mon, 30 Jan 2012 11:06:12 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-27.htmlUSDJPY : Bears Take Control, Risk SeenTowards The 76.54 Level. USDJPY : The pair is now on a second day of sell off following its failure to continue its recovery strengthstarted from the 76.54 level. It looks like USDJPY could be buildingup downside momentum with the possibility of returning to thementioned support at 76.54 level, its Jan 17’2012 low. If thatlevel is taken out, further declines should shape up towards its 2011low at 75.57 where a violation will aim at the 74.00 level aheadFri, 27 Jan 2012 16:26:11 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-26.htmlGBPUSD: Sees Further Bullish Momentum, Set To Return Above Its Key Support. GBPUSD: The pair continues to strengthen following through higher on Wednesday and opening the door for further upside momentum. With the 1.5666 level, its Jan 03’2012 high now violated, the threat is for a full recapture of the 1.5691 level, its .50 Fib Ret. That level was being tested as at the time of this analysis. Above there will call for a run at 1.5770 level, its Dec 21’2011 high where we may see a priceThu, 26 Jan 2012 11:29:42 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-25.htmlGBPJPY: Strengthens, Bullish Offensive Set For The 122.75 Level. GBPJPY - The cross rallied strongly on Tuesday building on its recovery and opening the door for a move further higher. With continued bullish offensive seen, the risk is for GBPJPY to head higher towards the 122.75 level, its Dec 22’2011 low. A cut through there will convince the market of further corrective gains towards the 123.14 level, its Nov 15’2011 high with loss of there aiming at the 127.30/21 levels. A breather isWed, 25 Jan 2012 12:48:37 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-24.htmlEURUSD: Pressured To The Upside, Nearer Term Corrective Recovery Intact. EURUSD: The pair looks to strengthen further after rallying strongly and reversing its one-day losses on Monday. This development now leaves EUR targeting the 1.3074 level, its Jan 03’2012 high with a cut through there allowing the pair to push further higher towards the 1.3197 level, its Dec 21’2011 high. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, if its present recoveryTue, 24 Jan 2012 09:48:33 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-23.htmlUSDCAD: Weakens, Bearish Momentum Set For Extend. USDCAD - We continue to hold onto our downside view on USDCAD for further corrective declines as it weakened further the past week and followed through lower in today’s trading session. With a reversal of its Friday gains seen, the risk is for USDCAD to decline further towards the 1.0051/69 levels where a violation will open the door for a run at its Nov 01’2011 low at 0.9970. Further down, a breach of there will target the 0.9890 level, itsMon, 23 Jan 2012 12:49:56 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-19.htmlEURUSD: Strengthens, Maintains Nearer Term Recovery Tone. EURUSD - The pair has turned above the 1.2875 level, its Jan 13’2011 high suggesting further correction could extend. In such a case, the 1.2941 level, its Jan 05’2012 high will be targeted where we may see a price halt. However, if that level is broken, more strength is expected towards the 1.3074 level and next the 1.3197 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, on a failure ofThu, 19 Jan 2012 12:27:20 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-18.htmlGBPUSD: Recovery loses Steam, Vulnerable to the Downside GBPUSD - The pair’s recovery is now fading suggesting it could return to the 1.5270 level, its Oct 2011 low. A break of there will aim at the 1.5235 level with a cut through that level extending further declines towards its .618 Fib Ret at 1.5187 (1.4229-1.6736 rally). Further down, its big psycho level at 1.5000 comes in as the next downside target. Alternatively, the risk to this analysis will be a violation of the 1.5406 level. ThisWed, 18 Jan 2012 13:31:12 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-17.htmlAUDUSD: Breaks Through The 1.0378/84 Levels, Eyes Further Strength (Currency Outlook). AUDUSD - With AUDUSD rallying through its key resistance at 1.0378/84 zone in early trading today, further strength is expected towards the 1.0444 level, its Nov 03’2011 high. The pair has been strengthening since turning off the 0.9663 level in Nov’2011. A loss of the 1.0444 level will turn focus to the 1.0569 level, its Oct 31 high. Its daily RSI is bullish and pointing higher suggesting further. On theTue, 17 Jan 2012 11:51:12 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-16.htmlEURUSD: Maintains Its Bearish Tone, Downside Risk Set For Its Major Level. EURUSD - With EUR holding on to its bearish momentum, our bias remains for it to weaken further towards its major support at the 1.2587 level, its Aug 2010 low. We may see a breather here triggering a correction on an initial test but if that level is breached, expect the pair to weaken further towards the 1.2479 level. Further down, support comes in at the 1.2400 level, its psycho level, its daily and weekly RSI isMon, 16 Jan 2012 10:49:57 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-12.htmlAUDUSD: Strengthens, Set To Recapture Key Resistance Levels. AUDUSD - With a build up on its rally started from the 1.0141 level in force, AUDUSD now looks to return above its key resistance levels. In such a case, its resistance zone at the 1.0378/84 levels will come in as its immediate upside target with a clearance of that region setting the stage for further strength towards the 1.0444 level, its Nov 03’2011 high. A loss of there will turn focus to the 1.0569 level, its Oct 31 high. ItsThu, 12 Jan 2012 13:56:13 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-10.htmlAUDUSD: Rallies, Set To Return AboveThe 1.0378/84 Levels AUDUSD: With a second day of recoverynow seeing the pair rallying, AUDUSD is now preparing to return toits Dec 08’2011/Jan 03'2012 highs at 1.0378/84. If thismaterializes, further upside offensive will shape up towards the1.0444 level, its Nov 03’2011 high with a loss of there turningfocus to the 1.0569 level, its Oct 31 high. Its daily RSI is bullishand pointing higher supporting this view. On the downside, the riskto this analysis willTue, 10 Jan 2012 16:35:09 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-09.htmlUSDCHF: Hesitates But Broader Medium Term Bias points To The Upside (Daily Technical Strategist). USDCHF - Though seen backing off higher prices, it continues to face the risk of a return to the 0.9548 level, its Dec 15’2011 high. An eventual clearance of there will resume its medium term uptrend and call for a run at the 0.9772 level, its Feb 11’2011 high with a violation of there allowing for USDCHF to aim at the 0.9913 level, its Dec 07’2010 high. Further out, its psycho level at 1.0000Mon, 09 Jan 2012 12:12:45 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-06.htmlGBPUSD: Vulnerable, Set To Extend Weakness (Daily Technical Strategist). GBPUSD - The pair sold off strongly on Thursday suggesting further downside weakness is likely.This is coming on the back of a failure ahead of the 1.5770/79 levels. The focus has now shifted to the 1.5359 level, its Dec 2011 low with a loss of here setting the stage for a move further lower towards the 1.5270 level, its Oct 2011 low. Below here will extend further weakness towards its big psycho level at 1.5000. ItsFri, 06 Jan 2012 12:37:32 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-05.htmlEURJPY: Clears The 101.02/100.75 Levels, Set To Extend Further Declines. EURJPY - With the cross taking its support at its Dec 15’2011 low at 101.02 and another key support located at the 100.75 level, representing its Oct’2011 low, risk of continued bearishness is likely. In such a case, the 100.00/99.87 levels, its psycho level/July’2010 lows will be targeted with a violation of there extending further downside weakness toward its psycho levels at the 99.00 level and the 98.00 level. ItsThu, 05 Jan 2012 11:06:30 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-04.htmlEURUSD: Susceptible, Recovers With Caution. EURUSD - Corrective recovery is now in place but while that occurs below the 1.3197 level and the 1.3212 level, its Nov 25’2011 low, risk points lower in the medium term. This leaves the threat of a return to its Dec 2011 low at 1.2856 on the cards where a violation will resume its medium term weakness towards the 1.2700 level, its psycho level followed by the 1.2587 level. Alternatively, the pair will require a break and hold above the 1.3197 levelWed, 04 Jan 2012 11:00:36 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-04.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-03.htmlTue, 03 Jan 2012 10:50:50 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2012-01-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-30.htmlEURJPY: Clears The 101.02/100.75 Levels, Set To Extend Further Declines. EURJPY - With the cross taking its support at its Dec 15’2011 low at 101.02 and another key support located at the 100.75 level, representing its Oct’2011 low, risk of continued bearishness is likely. In such a case, the 100.00/99.87 levels, its psycho level/July’2010 lows will be targeted with a violation of there extending further downside weakness toward its psycho levels at the 99.00 level and the 98.00 level. ItsFri, 30 Dec 2011 09:45:55 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-29.htmlEURUSD: Extends Bearish Momentum, Targets Its Major Support. EURUSD -  With EUR selling off and breaking below its key support at the 1.2945 level, its Dec 14’2011 low on Wednesday, further bearish momentum is expected to target the 1.2874 level, its Jan 2011 low. We may see a breather at this level but if it gives in, further declines should shape towards the 1.2703 level and then the 1.2587 level, its Aug’2010 low. Its daily and weekly RSI are bearish and pointing lower suggestingThu, 29 Dec 2011 12:27:44 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-28.htmlEURJPY: Maintains Bearish Tone, Targets The 101.02/100.75 Levels. EURJPY - Continued bearishness remains intact following the cross’s failure at the 102.52 level, its Dec 21’2011 low. This leaves the risk of an eventual return to its Dec 15’2011 low at 101.02 on the cards where a violation if seen will create scope for further declines towards the 100.75 level, representing its Oct’2011 low. A clearance of there will resume its long term downtrend towards the 100.00/99.87 levels, its July’2010Wed, 28 Dec 2011 11:55:37 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-27.htmlUSDCHF: Loses Recovery Tone, Bear Threats Set For The 0.9240 Level USDCHF - With corrective recovery strength fading and consolidation setting in, the possibility of a return to its Dec 21’2011 low at 0.9240 is likely. This if seen will resume its declines towards the 0.9175 level, its Dec 08’2011 low. A halt is likely to occur here and turn the pair back up but if that level snaps, lower level prices will shape up towards the 0.9063 level, its Nov 30’2011 low and next the 0.8954 level, itsTue, 27 Dec 2011 11:06:11 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-19.htmlGBPUSD: Pressured To The Downside, Focus Turns To The 1.5424/10 Levels. GBPUSD: The pair is now seen taking back some of its two-day gains following a lower weekly close the past week. This development has opened the door for more declines towards the 1.5424/10 levels where a violation will target the 1.5270 level, its Oct 2011 low. A break of here will extend further weakness towards its big psycho level located at 1.5000. Its daily and weekly RSI are bearish and pointing lower suggestingMon, 19 Dec 2011 11:28:13 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-15.htmlUSDCHF: Clears 0.9503 Level, Focus Shifts To The 0.9772 Level. USDCHF - Having cleared the 0.9503 level, its Feb 22’2011 high on Wednesday, USDCHF has paved the way for further strength. In such a case, further gains should build up towards the 0.9772 level, its Feb 11’2011 high. Above here if seen will extend bull pressure towards the 0.9913 level, its Dec 07’2010 high. Its daily RSI is bullish and pointing higher suggesting further upside. Alternatively, the risk to our analysis will be aThu, 15 Dec 2011 06:36:28 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-14.htmlAUDUSD: Declines, Extends Weakness Through Key Supports. AUDUSD: With AUDUSD maintaining its downside momentum and breaking below the 1.0000 level and its Nov 30’2011 low at 0.9942 level during Wednesday trading session, further bearishness is expected in the days ahead. This will leave the pair targeting the 0.9796 level, its Nov 11’2011 low. A breach of here will turn focus to its Nov’2011 low at 0.9663 level and possibly lower towards the 0.9600 level. Its daily RSI is bearish and pointingWed, 14 Dec 2011 19:40:19 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-12.htmlEURGBP: Takes Out Key Support, Resumes Its Medium Term Downtrend. EURGBP- With continued bearishness culminating in a break and hold below its key support at 0.8485 levels, its Nov 11’2011 low during Monday trading, further bearish extension is expected in the days ahead. In such a case, the 0.8355 level, its Feb’2011 low will come in as the next downside target where a decisive violation will call for a move further lower towards the 0.8300 level, its psycho level. Further down, its psychoMon, 12 Dec 2011 22:05:03 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-09.htmlAUDUSD: Sells Off Through Key Support. AUDUSD - A follow through lower on its Thursday sell off is now underway as the pair remains weak and vulnerable to the downside. This leaves the risk of a return to its major support at the 1.0000 level on the cards with a violation of there calling for further declines towards its Nov 30’2011 low at 0.9942 level. A breach of here will turn focus to its Nov’2011 low at 0.9663 level. Its daily RSI is bearish and pointing lower supporting this view.Fri, 09 Dec 2011 10:35:14 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-08.htmlEURUSD: Hesitates, Maintains Its Medium Term Downside Bias (Daily Technical Strategist) EURUSD - The pair’s continued price hesitation suggests further downside risk. However, EUR will have to break and hold above the 1.3547/1.3611 zone to prevent a return to the 1.3212 level, its Nov 25’2011 low.This if seen will set the stage for further strength towards its daily 200 ema currently standing at 1.3863. Further out, the 1.4241 level, its Oct 27’2011 high and the 1.4342 level, its daily fallingThu, 08 Dec 2011 13:31:41 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-07.htmlUSDJPY: Susceptible, Pressured To The Downside. USDJPY - Vulnerability to the downside continues to be seen but USDJPY will have to break and hold below the 76.57 level to convince the market it has ended its upside offensive. If this occurs, the 75.57 level, its Oct’2011 low will be targeted with a break turning attention to the 74.00 level and then the 73.00 level, all representing its psycho levels. Its daily RSI is bearish and pointing lower supporting this view. Conversely, USDJPY willWed, 07 Dec 2011 11:03:25 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-02.htmlGBPUSD: Maintains Its Corrective Theme Despite Price Hesitation (Daily Technical Strategist). GBPUSD - The pair closed marginally lower following its failure to follow through higher on its corrective strength on Thursday. However, GBP remains biased to the upside nearer term but will have to return above the 1.5779 level to open the door for further strength towards the 1.5885 level, its Nov 18’2011 high. A breach of there will set the stage for further gains towards the 1.6161 level, its OctFri, 02 Dec 2011 10:35:41 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-01.htmlAUDUSD: Rallies, Breaks 200 Daily Ema, Targets The 1.0444 Level. AUDUSD: The pair rallied strongly higher during Wednesday trading session breaking above its Nov 25’2011 high at 1.0106 and its daily 200 ema at 1.0236 to test a high of 1.0330. This is coming on the back of its corrective recovery started from the 0.9663 level on Nov 23’2011. On continued upside offensive, the immediate resistance stands at the 1.0312 level, its Nov 14’2011 high with a cut through there calling for more strengthThu, 01 Dec 2011 05:32:34 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-12-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-11-29.htmlEURUSD: Halts Weakness, Attempts A Recovery But Vulnerable Medium Term. EURUSD - While EUR may have halted its weakness and is attempting to recover high, it continues to maintain its broader downside bias.This suggests that there is risk of a return to the 1.3212 level, its Nov 25’2011 low. A clearance of there will call for further declines towards the 1.3144 level, its Oct’2011 low. The bigger support lies at its psycho level at 1.3000. On the other hand, on continued recovery attempt, weTue, 29 Nov 2011 06:18:29 GMThttp://www.fxstreet.com/technical/forex-strategy/m.isah@fxtechstrategy.com (FXTechstrategy)http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2011-11-29.html