Daily Forex Signal 27 November 2008
Posted
BUY GBP/USD 1.5348
TAKE PROFIT 1.5368
STOP LOSS 1.5318
RESULT LOSS
TAKE PROFIT 1.5368
STOP LOSS 1.5318
RESULT LOSS
FOREX ANALYSIS
THURSDAY November 27, 2008
EUR/USD
Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2838 or 1.2776. Major support is clustered around 1.2750 limit.
GBP/USD
The structure looks set for going up to 1.5405 in a corrective set of moves from 1.5173 zone. An unexpected fall below 1.5020 would weaken this structure.
USD/JPY
Is expected to fall lower than 94.07. Entry sell point are at 95.80 or 96.20. Stop loss above 96.20.
USD/CHF
Current rise seems to be over near 1.2056 or 1.2130 for a retracement towards 1.1982 - 1.1935 area.
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