Technical analysis for November 26, 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 1.3040/60

For short-term sells on condition of formation of topping signals the targets will be 1.2970/90, 1.2900/20, 1.2860/80 and/or further breakout variant up to 1.2810/30, 1.2740/60, 1.2680/1.2700.

An alternative for buyers will be above 1.3100 with the targets 1.3160/80, 1.3220/40, 1.3280/1.3300, 1.3360/80.


GBPUSD:
*Range 1.5260/80

For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.5360/80, 1.5480/1.5500, 1.5540/60 and/or further breakout variant above 1.5600 with the targets 1.5660/80, 1.5780/1.5800, 1.5940/60.

An alternative for sells will be below 1.5160 with the targets 1.5080/1.5100, 1.4980/1.5000, 1.4900/20.

USDJPY:
*Range 95.20/40

For short-term sells on condition of formation of topping signals the targets will be 94.60/80, 94.00/20, 93.40/60 and/or further breakout variant up to 92.80/93.00, 92.00/20, 91.20/40, 90.60/80.

An alterative for buyers will be above 96.20 with the targets 96.60/80, 97.20/40, 97.80/98.00.