Technical analysis for December 01, 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 1.2740/60

For sells on condition of formation of topping signals the targets will be 1.2680/1.2700, 1.2600/20 and/or further breakout variant up to 1.2520/40, 1.2460/80, 1.2380/1.2400, 1.2320/40.

An alternative for buyers will be above 1.2840 with targets 1.2880/1.2900, 1.2940/60, 1.3020/40, 1.3080/1.3100.

GBPUSD:
*Range 1.5400/20

For short-term sells on condition of formation of topping signals the targets will be 1.5300/20, 1.5220/40, 1.5100/20 and/or further breakout variant up to 1.5020/40, 1.4900/20, 1.4760/80, 1.4620/40.

An alternative for buyers will be above 1.5540 with targets 1.5600/20, 1.5760/80, 1.5940/60.

USDJPY:
*Range 95.60/80

For short-term sells on condition of formation of topping signals the targets will be 95.00/20, 94.40/60 and/or further breakout variant up to 93.80/94.00, 93.20/40.

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