Instaforex

Monday, December 15, 2008

Technical analysis for December 15, 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 1.3380/1.3400

For short-term buying positions on condition of formation of topping signals the targets will be 1.3460/80, 1.3520/40 and/or further breakout variant up to 1.3580/1.3600, 1.3680/1.3700, 1.3760/80, 1.3880/1.3900.
An alternative for sells will be below 1.3280 with targets 1.3210/30, 1.3140/60, 1.3020/40.

GBPUSD:
*Range 1.4860/1.4900

For short-term buying positions on condition of formation of topping signals the targets will be 1.4960/80, 1.5080/1.5100, 1.5160/80 and/or further breakout variant up to 1.5260/80, 1.5340/60, 1.5460/80. An alternative for sells will be below 1.4740 with targets 1.4660/80, 1.4520/40, 1.4440/60


USDJPY:
*Range 91.60/80

For short-term sells on condition of formation of topping signals the targets will be 91.00/20, 90.40/60, 89.80/90.00 and/or further breakout variant up to 89.20/40, 88.60/80, 88.00/20. An alternative for buyers will be above 92.80 with targets 93.40/60, 94.00/20, 94.60/80
 
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