Daily Forex Signal 11 November 2008
Posted
SELL GBP/USD 1.5647
TAKE PROFIT 1.5627
STOP LOSS 1.5677
RESULT LOSS
TAKE PROFIT 1.5627
STOP LOSS 1.5677
RESULT LOSS
FOREX ANALYSIS
TUESDAY November 11, 2008
EUR/USD
There are initial signs of a good corrective recovery towards 1.2838 or even 1.2877. Supports at 1.2734 and 1.2669 zone.
GBP/USD
It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5884 or under 1.5574 limits.
USD/JPY
It looks more likely that it would rise to above 98.74 or 99.11 from 97.8 or 97.24. After which a downside move to below 96.49 is expected.
USD/CHF
N/A
There are initial signs of a good corrective recovery towards 1.2838 or even 1.2877. Supports at 1.2734 and 1.2669 zone.
GBP/USD
It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5884 or under 1.5574 limits.
USD/JPY
It looks more likely that it would rise to above 98.74 or 99.11 from 97.8 or 97.24. After which a downside move to below 96.49 is expected.
USD/CHF
N/A
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.
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