Daily Forex Signal 16 Desember 2008  

Posted

BUY GBP/USD 1.5241
TAKE PROFIT 1.5261
STOP LOSS 1.5211
RESULT PROFIT




FOREX ANALYSIS

TUESDAY December 16, 2008

EUR/USD

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3849 or 1.3937 if support around 1.3597 hold. After which a pullback to 1.3597 - 1.3535 zone is possible.

GBP/USD
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5415 or 1.5662 if support around 1.5203 hold. After which a pullback to 1.5203 - 1.5114 zone is possible.

USD/JPY
One more dip to 90.15 is likely followed by a grind higher to above 91.01. After which it can resume his downtrend.

USD/CHF
Current fall is near an end of wave around 1.1451 - 1.1458 zone, a rally should then procede to above 1.1677 or 1.1714. Fall below 1.1445 would cancel this scenario.



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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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