Daily Forex Signal 20 November 2008
Posted
SELL GBP/USD 1.4992
TAKE PROFIT 1.4972
STOP LOSS 1.5022
TAKE PROFIT 1.4972
STOP LOSS 1.5022
FOREX ANALYSIS
THURSDAY November 20, 2008
EUR/USD
While below 1.2486 - 1.2595 it might drop to 1.2377 or below 1.2265 zone.
GBP/USD
Preferred view is for a fall to below 1.4818 while 1.4951 - 1.5034 area resists. A clear break of 1.5167 would be bullish.
USD/JPY
There is bearish potential for a fall to 95.21 or 94.68 while 96.45 - 96.71 resist. After this fall a recovery up to 96.45 or 96.71 is expected.
USD/CHF
Market looks set for gains towards 1.2209 or above in extension. Dips should find support at 1.2076 - 1.2041 zone.
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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