Monday November 17, 2008

EUR-USD There are initial signs of a good corrective recovery towards 1.2759 or even 1.2808. Supports at 1.2651 and 1.2592 zone.
GBP-USD One more dip to 1.4652 or 1.4503 is likely followed by a grind higher to above 1.4879 or 1.5105. After which it can resume its downtrend.
USD-JPY There are initial signs of a good corrective recovery towards 97.59 or even 98.08. Supports at 96.60 and 96.10 zone.
USD-CHF A corrective/consolidation activity between 1.1860 and 1.1980 is likely for a while.