Daily Forex Signal 28 November 2008
Posted
TAKE PROFIT 1.5368
STOP LOSS 1.5418
RESULT PROFIT
FOREX ANALYSIS
FRIDAY November 28, 2008
EUR/USD
It is likely to attempt to below 1.2802 while below 1.2904 - 1.2911 area. Rise above 1.2962 would dampen this bearish expectation.
GBP/USD
While above 1.5359 - 1.5308 zone a corrective upmove could test 1.5460 or 1.5509. After which it should resume its downtrend.
USD/JPY
It should register gains to 95.47. Corrective decline should be supported in 95.11 - 94.91 area. Stop Loss below 94.59 zone.
USD/CHF
Strength can extend to 1.2021 or even higher than 1.2043 as declines are expected to find support at 1.1979 or 1.1959. A fall below 1.1914 could turn it bearish.
Disclaimer
The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any views expressed may change without notice.
This document is provided to you for information purposes only and may not be reproduced, distributed or published by any recipient for any purpose.