Daily Forex Signal 12 November 2008
Posted
SELL GBP/USD 1.5440
TAKE PROFIT 1.5420
STOP LOSS 1.5470
RESULT LOSS
TAKE PROFIT 1.5420
STOP LOSS 1.5470
RESULT LOSS
FOREX ANALYSIS
WEDNESDAY November 12, 2008
EUR/USD
Market should meet resistance at 1.261. We expect then an extended move down to 1.2473 -1.2259 area.
GBP/USD
Market should meet resistance at 1.5483. We expect then an extended move down to 1.5341 -1.5086 area.
USD/JPY
One more dip to 97.21 is likely followed by a grind higher to above 97.98. After which it can resume his downtrend.
USD/CHF
Market looks set for gains towards 1.1928 or above in extension. Dips should find support at 1.1827 - 1.1801 zone.
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