Technical analysis for November 25, 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 1.2780/1.2800

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.2860/80, 1.2940/60, 1.3020/40 and/or further breakout variant up to 1.3080/1.3100, 1.3160/80, 1.3220/40, 1.3300/20.

An alternative for sells will be below 1.2660 with the targets 1.2600/20, 1.2520/40, 1.2400/20, 1.2340/60.

GBPUSD:
*Range 1.5000/20

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.5100/20, 1.5180/1.5200, 1.5260/80 and/or further breakout variant up to 1.5360/80, 1.5460/80, 1.5600/20.

An alternative for sells will be below 1.4880 with the targets 1.4800/20, 1.4720/40, 1.4640/60, 1.4560/80.

USDJPY:
*Range 95.90/96.10

For short-term buyers’ positions on condition of formation of topping signals the targets will be 96.40/60, 97.00/20, 9760/80 and/or further breakout variant above 98.40 with the targets 98.80/99.00, 99.40/60, 100.00/20.

An alternative for sells will be below 95.00 with the targets 94.40/60, 93.80/94.00, 93.40/60.