Technical analysis for November 24, 2008

* range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.2780/1.2800

For short-term sells on condition of formation of topping signals the targets will be 1.2700/20, 1.2620/40, 1.2560/80 and/or further breakout variant up to 1.2480/1.2500, 1.2420/40, 1.2360/80.

An alternative for buyers will be above 1.2860 with the targets 1.2900/20, 1.2960/80, 1.3020/40.

GBPUSD:
*Range 1.4780/1.4820

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.4880/1.4900, 1.5000/20, 1.5080/1.5100 and/or further breakout variant up to 1.5180/1.5200, 1.5260/80, 1.5400/40, 1.5560/1.5600.


USDJPY:
*Range 96.00/20

For short-term sells on condition of formation of topping signals the targets will be 95.20/40, 94.40/60, 94.00/20 and/or further breakout variant up to 93.40/60, 92.60/80, 91.20/40.

An alternative for buyers will be above 97.00 with the targets 97.40/60, 98.00/20, 98.60/80.