Thursday November 13, 2008

EUR-USD
It should register further gains to 1.2603 while 1.2438 caps downside attempts. Stop loss below 1.2370 zone.

GBP-USD
Market should not go lower than 1.4704. After this move down it should go up to 1.4931 - 1.5114 area.

USD-JPY
Overall structure is bearish. Decelerating momentum could attract it towards supports at 93.79 or 93.63. Major support is clustered around 92.48 limit.

USD-CHF
Corrective dips should ideally halt near 1.1842 or 1.1815 for one more thrust upwards towards 1.1882 - 1.1921 area or 1.1976 in extention. Fall below 1.1787 puts it back on a downward path.