Daily Forex Signal 01 December 2008
Posted
BUY GBP/USD 1.5389
TAKE PROFIT 1.5409
STOP LOSS 1.5359
RESULT ORDER NOT TOUCHED
TAKE PROFIT 1.5409
STOP LOSS 1.5359
RESULT ORDER NOT TOUCHED
FOREX ANALYSIS
MONDAY December 01, 2008
EUR/USD
Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2646 or 1.2578. Major support is clustered around 1.2498 limit.
GBP/USD
It should be subject to more sell off towards 1.5296 or 1.5184. Corrective upward swings should face resistance around 1.5516 area. A break of 1.5522 is bullish.
USD/JPY
Market looks set for gains towards 95.81 or above in extension. Dips should find support at 95.48 - 95.36 zone.
USD/CHF
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2182 or 1.2339 if support around 1.2100 hold. After which a pullback to 1.2100 - 1.2050 zone is possible.
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