Instaforex

Wednesday, December 17, 2008

Technical analysis for December 17, 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 1,3960/80

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,4040/60, 1,4140/60, 1,4200/20 and/or further breakout variant with the targets 1,4280/1,4300, 1,4400/20, 1,4520/40.
An alternative for sells will be below 1,3860 with the targets 1.3500/20, 1.3420/40, 1.3360/80

GBPUSD:
*Range 1,5480/1,5520

For short-term buying positions on condition of formation of topping signals the targets will be 1,5580/1,5600, 1,5660/80, 1,5720/40 and/or further breakout variant up to 1,5800/20, 1,5860/80, 1,5940/60.

An alternative for sells will be below 1,5360 с целями with targets 1.,5300/20, 1,5220/40, 1,5140/60.

USDJPY:
*Range 89,20/40

For short-term sells on condition of formation of topping signals the targets will be88,60/80, 88,00/20 and/or further breakout variant up to 87,40/60, 86,40/60, 85,00/20.
An alternative for buyers will be above 89,80 with targets 90,20/40, 91,00/20, 91,60/80.
 
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