MAJOR FOREX TRADING LEVELS FOR THE WEEK : 12 DEC 2011

GBP/JPY

BEST BUY & SUPP 121 ACTUAL RESIS & BEST SHORT 121.77 ; A BREAK ABOVE 122.02 UPSIDE TGT 122.82/123.14 ; CRACK BELOW 120.82 DOWNSIDE TGT 120.40/120.08

LTP – 121.62

AUD/JPY

BEST BUY & SUPP @ 79 ACTUAL RESIS & BEST SHORT 79.36 A BREAK ABOVE 80.26 UPSIDE TGT 81.02/81.52 ; A CRACK BELOW 78.62 DOWNSIDE TGT 77.22/76.72

LTP – 79.32

EUR/JPY

BEST BUY & SUPP @ 104 ACTUAL RESIS & BEST SHORT 104.24 A BREAK ABOVE 104.82 UPSIDE TGT 105.74/106.22 ; A CRACK BELOW 103.36 DOWNSIDE TGT 102.26/101.78

LTP – 103.89

USD/JPY

BEST BUY & SUPP @ 77 ACTUAL RESIS & BEST SHORT 77.72 A BREAK ABOVE 77.88 UPSIDE TGT 78.46/78.68 ; A CRACK BELOW 76.92 DOWNSIDE TGT 76.76/76.54

LTP – 77.61

CHF/JPY

BEST BUY & SUPP @ 84 ACTUAL RESIS & BEST SHORT 84.36 A BREAK ABOVE 84.62 UPSIDE TGT 85.53/85.90 ; A CRACK BELOW 83.62 DOWNSIDE TGT 82.78/82.42

LTP – 84.07

NZD/JPY

BEST BUY & SUPP @ 60 ACTUAL RESIS & BEST SHORT 60.38 A BREAK ABOVE 60.72 UPSIDE TGT 61.66/62.08 ; A CRACK BELOW 59.68 DOWNSIDE TGT 58.68/58.26

LTP – 60.18

GBP/CAD

BEST BUY & SUPP @ 1.5888 ACTUAL RESIS & BEST SHORT 1.5946 A BREAK ABOVE 1.5982 UPSIDE TGT 1.6142/1.6176 ; A CRACK BELOW 1.5666 DOWNSIDE TGT 1.5992/1.5505

LTP – 1.5938

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