Technical analysis for December 11, 2008

* range(supports or resistance ), 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 1.3000/20

For short-term buying positions on condition of formation of topping signals the targets will be 1.3060/80, 1.3120/40 and/or further breakout variant up to 1.3180/1.3200, 1.3260/80, 1.3320/40.

An alternative for sells will be below 1.2920 with targets 1.2840/60, 1.2780/1.2800, and 1.2420/40.

GBPUSD:
*Range

For opened long positions the targets will be 1.5000/20, 1.5080/1.5100 and/or further breakout variant up to 1.5160/80, 1.5260/80, 1.5370/90, 1.5460/80, 1.5600/20.

The alternative for sells will be below 1.4740 with targets 1.4660/80, 1.4520/40, 1.4460/80.

USDJPY:
*Range 91.80/92.00

For short-term buying positions on condition of formation of topping signals the targets will be 92.40/60, 93.00/20 and/or further breakout variant up to 93.60/80, 94.20/40, 94.80/95.00. An alternative for sells will be below 90.80 with targets 90.00/20, 89.20/40, 87.40/60.