Technical analysis for November 17, 2008

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

EURUSD:
*Range 1.2600/20

For short-term sells the targets will be 1.2520/40, 1.2460/80 and/or further breakout variant up to 1.2400/20, 1.2340/60, 1.2280/1.2300

An alternative for buyers will be above 1.2720 with targets 1.2780/1.2800, 1.2840/60, 1.2900/20.


GBPUSD:
*Range 1.4580/1.4620

For short-term buying positions the targets will be 1.4680/1.4700, 1.4760/80, 1.4820/40 and/or further breakout variant up to 1.4880/1.4900, 1.4940/60, 1.5000/20.

An alternative for sells will be below 1.4500 with targets 1.4420/40, 1.4300/20, 1.4220/40.

USDJPY:
*Range 1.4580/1.4620

For short-term buying positions the targets will be 96.00/20, 96.60/80, 97.00/20 and/or further breakout variant up to 97.60/80, 98.20/40, 98.80/99.00.

An alternative for sells will be below 94.20 with targets 93.40/60, 92.80/93.00, 92.00/20, and 91.20/40.