Instaforex

Thursday, December 18, 2008

Technical analysis for December 18, 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 1,4220/40

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1,4300/20, 1,4460/80, 1,4520/40 and/or further breakout variant with the targets 1,4300/20, 1,4460/80, 1,4520/40.
An alternative for sells will be below1,4160 with the targets 1,4080/1,4100, 1,4000/20, 1,3900/20

GBPUSD:
*Range 1,5600/20

For short-term buying positions on condition of formation of topping signals the targets will be above 1,5740 with targets 1,5780/1,5800, 1,5850/70, 1,5940/60, 1,6160/80.

An alternative for sells with targets 1,5500/20, 1,5420/40, 1,5360/80 and/or further breakout variant with the targets 1,5280/1,5300, 1,5200/20, 1,5060/80.

USDJPY:
*Range 88,40/60

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