Technical analysis for November 18, 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 1.2510/30

For short-term buying positions on condition of formation of topping signals the targets will be 1.2590/1.2610, 1.2680/1.2700 and/or further breakout variant up to 1.2740/60, 1.2800/20, 1.2880/1.2900

An alternative for sells will be below 1.2480 with targets 1.2420/40, 1.2360/80, 1.2300/20.


GBPUSD:
*Range 1.4900/20

For short-term buying positions on condition of formation of topping signals the targets will be 1.4980/1.5000, 1.5060/80, 1.5100/20 and/or further breakout variant up to 1.5180/1.5200, 1.5260/80, 1.5340/60.

An alternative for sells will be below 1.4760 with targets 1.4680/1.4700, 1.4600/20, 1.4540/60.

USDJPY:
*Range 96.60/80

For short-term buying positions on condition of formation of topping signals the targets will be 96.60/80, 97.20/40 and/or further breakout variant up to 98.00/20, 98.60/80, 99.20/40.

An alternative for sells will be below 94,20 with targets 93.40/60, 92.80/93.00, 92.00/20, 91.20/40.