Instaforex

Friday, December 19, 2008

Technical analysis for December 19, 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 1.4340/60

For sells on condition of formation of topping signals the targets will be 1.4260/80, 1.4160/80 and/or further breakout variant up to 1.4100/20, 1.4020/40, 1.3900/20.
An alternative for buyers will be above 1.4560 with targets 1.4600/20, 1.4660/80, 1.4700/20.

GBPUSD:
*Range 1.5200/20

For sells on condition of formation of topping signals the targets will be 1.5120/40, 1.5000/40, 1.4860/1.4900 and/or further breakout variant up to 1.4720/60, 1.4580/1.4600, 1.4480/1.4520.

An alternative for buyers will be above 1.5300 with targets 1.5380/1.5400, 1.5460/80, 1.5540/60.

USDJPY:
*Range 88.60/80

For short-term buying positions on condition of formation of topping signals the targets will be 89.20/40, 89.80/90.00, 90.40/60 and/or further breakout variant up to 91.00/20, 91.60/80, 92.20/40.
An alternative for sells will be below 87.80 with targets 87.20/40, 86.80/87.00, and 85.20/40.
 
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