Daily Forex Signal 19 November 2008
Posted
SELL GBP/USD 1.4961
TAKE PROFIT 1.4941
STOP LOSS 1.4991
TAKE PROFIT 1.4941
STOP LOSS 1.4991
RESULT LOSS
FOREX ANALYSIS
WEDNESDAY November 19, 2008
EUR/USD
It is likely to fall towards 1.2495 unless a corrective rally breaks the 1.2659 resistance. Stop above 1.2690 zone.
GBP/USD
There are initial signs of a good corrective recovery towards 1.5025 or even 1.5067. Supports at 1.4930 and 1.4876 zone.
USD/JPY
Corrective dips should ideally halt near 96.82 or 96.52 for one more thrust upwards towards 97.22 - 97.61 area or 98.21 in extention. Fall below 96.22 puts it back on a downward path.
USD/CHF
A correction down to 1.1984 folowed buy a mouve up to 1.204 or 1.2063. A break above 1.2095 would accelerate this bullish move.
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