Technical analysis for November 21, 2008

* range, 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 1.2580/1.2600

For short-term sells on condition of formation of topping signals the targets will be 1.2500/20, 1.2460/80, 1.2380/1.2400 and/or further breakout variant up to 1.2320/40, 1.2260/80.

An alternative for buyers will be above 1.2660 with targets 1.2700/20, 1.2780/1.2800, and 1.2860/80.

GBPUSD:
*Range 1.4760/80

For short-term buying positions on condition of formation of topping signals the targets will be 1.4840/60, 1.4920/40, 1.5010/30 and/or further breakout variant up to 1.5080/1.5100, 1.5200/20, 1.5280/1.5300, 1.5360/80.

An alternative for sells will be below 1.4700 with targets 1.4630/50, 1.4560/80, 1.4500/20.



USDJPY:
*Range 96.00/20

For short-term sells on condition of formation of topping signals the targets will be 95.20/40, 94.40/60 and/or further breakout variant up to 93.80/94.00, 93.00/20, 92.40/60 and up to 91.00/20.

An alternative for buyers will be above 96.80 with targets 97.40/60, 98.00/20, 98.80/99.00.