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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.
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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