Daily Forex Signal 24 November 2008
Posted
SELL GBP/USD 1.4855
TAKE PROFIT 1.4835
STOP LOSS 1.4885
TAKE PROFIT 1.4835
STOP LOSS 1.4885
RESULT LOSS
FOREX ANALYSIS
MONDAY November 24, 2008
EUR/USD
Current rise seems to be over near 1.2608 or 1.2669 for a retracement towards 1.2546 - 1.2500 area.
GBP/USD
While above 1.4787 - 1.4695 zone a corrective upmove could test 1.4965 or 1.5052. After which it should resume its downtrend.
USD/JPY
Market looks set for gains towards 96.74 or above in extension. Dips should find support at 95.19 - 94.80 zone.
USD/CHF
Preferred view is for a fall to below 1.2164 while 1.2219 - 1.223 area resists. A clear break of 1.2286 would be bullish.
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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