Daily Forex Signal 17 November 2008
Posted
SELL GBP/USD 1.4782
TAKE PROFIT 1.4762
STOP LOSS 1.4812
RESULT PROFIT
TAKE PROFIT 1.4762
STOP LOSS 1.4812
RESULT PROFIT
FOREX ANALYSIS
MONDAY November 17, 2008
EUR/USD
There are initial signs of a good corrective recovery towards 1.2759 or even 1.2808. Supports at 1.2651 and 1.2592 zone.
GBP/USD
One more dip to 1.4652 or 1.4503 is likely followed by a grind higher to above 1.4879 or 1.5105. After which it can resume its downtrend.
USD/JPY
There are initial signs of a good corrective recovery towards 97.59 or even 98.08. Supports at 96.60 and 96.10 zone.
USD/CHF
A corrective/consolidation activity between 1.1860 and 1.1980 is likely for a while.
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