December 03, 2008

Technical analysis for December 03, 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, 1.2560/80 and/or further breakout variant up to 1.2500/20, 1.2440/60, 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 1.5000/40

For short-term sells on condition of formation of topping signals the targets will be 1.4900/20, 1.4800/20, 1.4680/1.4720 and/or further breakout variant up to 1.4580/1.4620, 1.4480/1.4500, 1.4400/20.

An alternative for buyers will be above 1.5140 with targets 1.5200/40, 1.5320/40, 1.5400/20.

USDJPY:
*Range 93.80/94.00

For sells on condition of formation of topping signals the targets will be 93.20/40, 92.60/80 and/or further breakout variant up to 92.00/20, 91.40/60, 90.80/91.00.

An alternative for buyers will be above 94.40 with targets 94.80/95.00, 95.40/60, 96.00/20.