Daily Forex Signal 26 November 2008
Posted
BUY GBP/USD 1.5370
TAKE PROFIT 1.5390
STOP LOSS 1.5340
RESULT LOSS
TAKE PROFIT 1.5390
STOP LOSS 1.5340
RESULT LOSS
FOREX ANALYSIS
WEDNESDAY November 26, 2008
EUR/USD
Currently uptrend should end around 1.3218 - 1.3161 area. A correction down to below 1.2885 is expected. A rise above 1.3259 will abort the expected correction.
GBP/USD
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5641 or 1.5879 if support around 1.533 hold. After which a pullback to 1.5330 - 1.5229 zone is possible.
USD/JPY
There is bearish potential for a fall to 94.31 while 95.87 - 96.34 resist. After this fall a recovery up to 96.34 or 96.80 is expected.
USD/CHF
Market should not go lower than 1.1736. After this move down it should go up to 1.1835 - 1.1910 area.
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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