Technical analysis for November 28, 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 1.2940/60

For short-term sells on condition of formation of topping signals the targets will be 1.2860/80, 1.2800/20, 1.2740/60 and/or further breakout variant up to 1.2680/1.2700, 1.2620/40, 1.2560/80, 1.2420/40.

An alternative for buyers will be above 1.3000 with the targets 1.3060/80, 1.3100/20, 1.3180/1.3200.

GBPUSD:
*Range 1.5480/1.5520

For short-term sells on condition of formation of topping signals the targets will be 1.5360/80, 1.5260/80 and/or further breakout variant up to 1.5180/1.5200, 1.5100/20, 1.4980/1.5000.

An alternative for buyers will be above 1.5620 with the targets 1.5700/20, 1.5820/40, 1.5960/80, 1.6020/40.

USDJPY:
*Range 95.40/60

For opened short positions the targets will be 94.80/95.00, 94.20/40 and/or further breakout variant up to 93.60/80, 92.80/93.00, 91.20/40, 90.60/80.

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