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Wednesday, December 10, 2008

Technical analysis for December 10, 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 1.2880/1.2900

For short-term buying positions on condition of formation of topping signals the targets will be 1.2940/60, 1.3000/20 and/or further breakout variant up to 1.3060/80, 1.3160/80, 1.3240/60.
An alternative for sells will be below 1.2840 with targets 1.2780/1.2800, 1.2700/20, 1.2620/40, 1.2580/1.2600.

GBPUSD:
*Range 1.4680/1.4700

For short-term buying positions on condition of formation of topping signals the targets will be 1.4760/80, 1.4840/60, 1.4920/40 and/or further breakout variant up to 1.5020/40, 1.5080/1.5100.
An alternative for sells will be below 1.4620 with targets 1.4520/40, 1.4460/80, 1.4400/20.

USDJPY:
*Range 92.20/40
For short-term buying positions on condition of formation of topping signals the targets will be 92.80/93.00, 93.40/60 and/or further breakout variant up to 94.00/20, 94.60/80, 95.40/60. An alternative for sells will be below 91.60 with targets 91.00/20, 90.40/60.

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