Technical analysis for December 04, 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 1.2580/1.2600

For short-term buying positions on condition of formation of topping signals the targets will be 1.2660/80, 1.2720/40, 1.2800/20 and/or further breakout variant up to 1.2860/80, 1.2920/40, 1.3000/20, 1.3060/80.

An alternative for sells will be below 1.2540 with targets 1.2480/1.2500, 1.2400/20, 1.2340/60.

GBPUSD:
*Range 1.4800/40

For short-term sells on condition of formation of topping signals the targets will be 1.4720/40, 1.4640/60, 1.4500/60 and/or further breakout variant up to 1.4420/40, 1.4340/60, 1.4200/20.

An alternative for buyers will be above 1.4900 with targets 1.4980/1.5000, 1.5060/80, 1.5140/60.

USDJPY:
*Range 92.00/20

For short-term buying positions on condition of formation of topping signals the targets will be 92.60/80, 93.20/40 and/or further breakout variant up to 93.80/94.00, 94.40/60, 95.00/20.

An alternative for sells will be below 91.60 with targets 91.00/20, 90.40/60.