TECHNICALS-Forex market outlook and key levels
LONDON, Nov 9 - Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
TECHNICAL ANALYSIS TEAM, CAPITAL MANAGEMENT
* EURO/DOLLAR: "Pressure on $0.8835-65 consolidation support continues but should survive the next 24 hours for a rally back over $0.8950 to secure range trade and a final attempt at $0.9120. However, continue to sell strength for below $0.8800 to open the path to eventual $0.8550 objective."
* DOLLAR/YEN: "The dollar has not met the ideal 119.80 target although this move may extend slightly to 119.50 this dip provides a chance to reposition medium-term longs. As the market stabilises in a 119.50-120.50 range, stay bullish for rally back through 121.30 to reverse."