Daily Forex Signal 02 Desember 2008  

Posted

SELL GBP/USD 1.4987
TAKE PROFIT 1.4967
STOP LOSS 1.5017
RESULT LOSS





FOREX ANALYSIS

TUESDAY December 02, 2008

EUR/USD

It may meet resistance in 1.261 - 1.2635 zone for a drift down to 1.2536 zone, after which bounce to 1.2661 is anticipated.

GBP/USD
Market should not go lower than 1.4636. After this move down it should go up to 1.4847 - 1.5034 area.

USD/JPY
Market should meet resistance at 93.94. We expect then an extended move down to 92.51 -90.94 area.

USD/CHF
While above 1.2039 - 1.2 zone a corrective upmove could test 1.2106 or 1.2134. After which it should resume its downtrend.



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