Thursday November 20, 2008

EUR-USD While below 1.2486 - 1.2595 it might drop to 1.2377 or below 1.2265 zone.
GBP-USD Preferred view is for a fall to below 1.4818 while 1.4951 - 1.5034 area resists. A clear break of 1.5167 would be bullish.
USD-JPY There is bearish potential for a fall to 95.21 or 94.68 while 96.45 - 96.71 resist. After this fall a recovery up to 96.45 or 96.71 is expected.
USD-CHF Market looks set for gains towards 1.2209 or above in extension. Dips should find support at 1.2076 - 1.2041 zone.